Although the volume of world production and stocks of rice does not cause concern, this crop has begun to attract more and more attention in recent months against the background of the expected global food crisis.
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Rice is the staple cereal for two-thirds of the country's population Although global production and stocks of rice are not worrisome, the crop has been gaining more attention in recent months amid an expected global food crisis. Rice is used as a substitute for other grains. Against the backdrop of increased prices for wheat and the expected shortage of this crop in the world in 2022/23, rice can become a good substitute for it. The content of carbohydrates in rice is on average 70%, and protein is about 12%, which is comparable to wheat. Table 1 - World balances of rice, thousand tons (USDA, May 2022) World prices for rice have increased slightly over the past year (compared to the cost of other cereals) and currently stand at about 17.4 US dollars (45, 36 kg). According to Trading Economics forecasts, rice prices will be around $18 a short hundredweight next year. Figure 1 - World prices for rice according to Trading Economics (USD / short hundredweight) Rice can also become a ...
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