{"id":6312,"date":"2023-08-03T10:50:23","date_gmt":"2023-08-03T10:50:23","guid":{"rendered":"https:\/\/ricenewstoday.com\/dev\/?p=6312"},"modified":"2023-08-04T10:50:35","modified_gmt":"2023-08-04T10:50:35","slug":"will-the-rice-shortage-hit-store-shelves-near-you-soon","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/will-the-rice-shortage-hit-store-shelves-near-you-soon\/","title":{"rendered":"Will the Rice Shortage Hit Store Shelves Near You Soon?"},"content":{"rendered":"\n<p id=\"article-subheading_1-0\">You probably don\u2019t need to run to the store to stock up on this essential grain\u2014here\u2019s all you need to know about how a global rice shortage could impact you.<\/p>\n\n\n\n<p id=\"mntl-sc-block_1-0\">You may have already noticed that rice prices are\u00a0higher than normal, which is largely due to the impacts of the war in Ukraine and erratic weather for the leading global suppliers of the grain. Now, India, the world\u2019s largest exporter of rice, just\u00a0banned nearly half of its overall shipments\u00a0in order to reduce its domestic prices following heavy rains, which impacted the rice harvest. You might be asking, \u201cWhat does this mean for me?\u201d\u2014we\u2019ve got you covered. The good news is, if you\u2019re worried about how the ongoing global rice shortage could impact your plate, you\u2019re not alone, but you don\u2019t need to panic.\u00a0<\/p>\n\n\n\n<p id=\"mntl-sc-block_1-0-2\">The export ban in India covers non-basmati white rice, meaning that the most popular types of rice in the U.S. won\u2019t really be affected much. However, for some South Asian groups in the U.S.\u2014particularly Telugu communities of Southeast India, many of whom\u00a0prefer the banned rice varieties\u2014the ban has led to panic buying at smaller stores and large outlets, inflated prices, and restrictions from specialty grocers on how much each household can buy.<\/p>\n\n\n\n<figure class=\"wp-block-image\" id=\"mntl-sc-block_1-0-4\"><img decoding=\"async\" src=\"https:\/\/www.bhg.com\/thmb\/kBj8_VvNQpBY2saVcWfNnTVtSWo=\/5184x0\/filters:no_upscale():strip_icc():format(webp)\/cooked-rice-1394165696-7f579aeaf5cf458eb77dbebb1383d441.jpg\" alt=\"cooked rice\"\/><figcaption class=\"wp-element-caption\">SOMKHANA CHADPAKDEE \/ GETTY IMAGES<\/figcaption><\/figure>\n\n\n\n<p id=\"mntl-sc-block_1-0-5\">The good news is that unless you like the specialty rice varieties that are impacted by the export ban, you don\u2019t need to stock up. And some grocers have said those looking for the heavily impacted Sona Masoori rice variety\u00a0don\u2019t need to panic either\u2014stockpiling may just prolong the issue. Restaurants and suppliers will likely be the most heavily impacted by any shortages.<\/p>\n\n\n\n<p id=\"mntl-sc-block_1-0-9\">However, the ban does have the potential to\u00a0impact inflation rates\u2014and therefore food prices\u2014worldwide. In 2022, India shipped\u00a0nearly 18 million tons\u00a0of the now-restricted non-basmati rice to 140 countries, meaning that the global market will see the impact of the export ban. The U.S. is steadily recovering from a period of record inflation last summer, with food prices\u00a0slowly returning to normal, but this development could add a small spike in price.<\/p>\n\n\n\n<p id=\"mntl-sc-block_1-0-11\">Plus, the ban comes just months after CNBC reported a 2023 rice shortage was poised to be the\u00a0largest in the last 20 years, with a shortfall of nearly 9.6 million tons. Between heavy monsoons in China, flooding in Pakistan, and surging prices since Russia invaded Ukraine, the global grain market had already been suffering. Luckily, Fitch Solutions has predicted that prices should be back to normal by 2024, but the staple\u2019s shortage is having harmful ripple effects for now.<\/p>\n\n\n\n<p id=\"mntl-sc-block_1-0-13\">The overall impacts on your dinner today might be minimal, but keep an eye on grain prices for the next few months\u2014you may want to learn how to make\u00a0rice alternatives\u00a0to save some cash, or scale back on your family\u2019s rice consumption until global prices settle.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>You probably don\u2019t need to run to the store to stock up on this essential grain\u2014here\u2019s all you need to know about how a global rice shortage could impact you. You may have already noticed that rice prices are\u00a0higher than normal, which is largely due to the impacts of the war in Ukraine and erratic [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[159],"class_list":["post-6312","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","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>Will the Rice Shortage Hit Store Shelves Near You Soon? - 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=\"Will the Rice Shortage Hit Store Shelves Near You Soon? - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"You probably don\u2019t need to run to the store to stock up on this essential grain\u2014here\u2019s all you need to know about how a global rice shortage could impact you. 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