The world market price index for rice jumped to an almost 12-year high in July

The total rice price index of the UN Food and Agriculture Organization (FAO), which tracks the prices of the most important exporting countries, reached an average of 129.7 points in July, compared to 126.2 points in the previous month. July's score was almost 20% higher than last year's 108.4 and the highest since September 2011. The agency's general world food price index also rose in July, recovering from a two-year low. India, which accounts for 40% of the world's rice exports, ordered the shutdown of its biggest category of rice exports last month to curb rising domestic prices that have climbed to multiyear highs in recent weeks ...