{"id":12765,"date":"2023-12-27T13:35:00","date_gmt":"2023-12-27T13:35:00","guid":{"rendered":"https:\/\/ricenewstoday.com\/?p=12765"},"modified":"2023-12-27T14:35:57","modified_gmt":"2023-12-27T14:35:57","slug":"prices-of-rice-surge-to-a-fresh-15-year-high","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/prices-of-rice-surge-to-a-fresh-15-year-high\/","title":{"rendered":"Prices of rice surge to a fresh 15-year high"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/Rice20prices-warehouse_20231227173549_bloomberg-1024x683.webp\" alt=\"\" class=\"wp-image-12766\" srcset=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/Rice20prices-warehouse_20231227173549_bloomberg-1024x683.webp 1024w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/Rice20prices-warehouse_20231227173549_bloomberg-600x400.webp 600w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/Rice20prices-warehouse_20231227173549_bloomberg-300x200.webp 300w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/Rice20prices-warehouse_20231227173549_bloomberg-768x512.webp 768w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/Rice20prices-warehouse_20231227173549_bloomberg.webp 1080w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Thai white rice 5% broken climbed for a third straight week to reach US$659 (RM3,066) a tonne on Wednesday, according to the Thai Rice Exporters Association.<\/p>\n\n\n\n<p>(Dec 27): Rice prices surged to a fresh 15-year high, fuelled by strong demand and lingering supply concerns.<\/p>\n\n\n\n<p>Thai white rice 5% broken \u2014 an Asian benchmark \u2014 climbed for a third straight week to reach US$659 (RM3,066) a tonne on Wednesday, according to the Thai Rice Exporters Association. That\u2019s the highest since October 2008 and brings the increase in prices to about 38% this year, after top shipper India restricted exports and dry weather threatened production.<\/p>\n\n\n\n<p>Rice is vital to the diets of billions of people in Asia and Africa, and the latest run-up in prices could fan inflationary pressures and hike import bills for buyers. Some nations have been ramping up purchases to build sufficient stockpiles amid fears that the impact of El Nino will further tighten supplies in the coming months.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/assets.theedgemarkets.com\/pics\/2023\/Thai-rice-benchmark.png\"><img decoding=\"async\" src=\"https:\/\/assets.theedgemarkets.com\/pics\/2023\/Thai-rice-benchmark.png\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p>Indonesian President Joko Widodo said last week that Thailand will deliver as much as two million tonnes next year, while India has agreed to supply one million tonnes. Meanwhile, the Philippines is set to receive more than 500,000 tonnes of rice imported by the private sector through February.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thai white rice 5% broken climbed for a third straight week to reach US$659 (RM3,066) a tonne on Wednesday, according to the Thai Rice Exporters Association. (Dec 27): Rice prices surged to a fresh 15-year high, fuelled by strong demand and lingering supply concerns. Thai white rice 5% broken \u2014 an Asian benchmark \u2014 climbed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12766,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[393,46,159],"class_list":["post-12765","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-rice-prices","tag-asian-rice","tag-global-rice-news"],"acf":{"enable_premium_overlay":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Prices of rice surge to a fresh 15-year high - Rice News Today<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Prices of rice surge to a fresh 15-year high - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"Thai white rice 5% broken climbed for a third straight week to reach US$659 (RM3,066) a tonne on Wednesday, according to the Thai Rice Exporters Association. 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