11 Hrs
الاقتصادية
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الاقتصادية

2026-11-05T07:17:03.727Z

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الاقتصادية

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Rice Near 2-Year High

Rice Near 2-Year High

Asian rice prices have climbed to their highest level in nearly two years, as drought linked to El Niño has damaged crops in regions that produce more than half of the world’s rice. The price of Thai white rice with 5% broken grains reached about $499 per ton, while Chicago rice futures have surged more than 80% since the start of the year. The impact of rising prices is already being felt in the Philippines, where prices were up 21% year over year in October. The Food and Agriculture Organization expects global production to decline in the 2026–2027 season, threatening to worsen food inflation.

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