🌾 BREAKING: Asian rice prices have climbed to their highest level in nearly two years, raising fresh food-inflation fears.
Thai 5% broken white rice hit $499 a tonne on Nov 4 — its highest since December 2024 — as a powerful El Niño drives drought across South and Southeast Asia, where more than half of the world's rice is grown.
📈 Chicago rough rice futures are up more than 80% since the start of 2026.
🇵🇭 In the Philippines, the world's biggest rice importer, retail rice prices jumped 21% year-on-year in October.
🌍 The USDA forecasts global rice production will fall this season for the first time in over a decade, and the UN's FAO expects output to drop in 2026-27 too.
#Rice #FoodInflation #ElNino #Commodities #Markets #Asia #Zimbuck
Thai 5% broken white rice hit $499 a tonne on Nov 4 — its highest since December 2024 — as a powerful El Niño drives drought across South and Southeast Asia, where more than half of the world's rice is grown.
📈 Chicago rough rice futures are up more than 80% since the start of 2026.
🇵🇭 In the Philippines, the world's biggest rice importer, retail rice prices jumped 21% year-on-year in October.
🌍 The USDA forecasts global rice production will fall this season for the first time in over a decade, and the UN's FAO expects output to drop in 2026-27 too.
#Rice #FoodInflation #ElNino #Commodities #Markets #Asia #Zimbuck
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