{"id":6345,"date":"2023-08-05T15:20:35","date_gmt":"2023-08-05T15:20:35","guid":{"rendered":"https:\/\/ricenewstoday.com\/dev\/?p=6345"},"modified":"2023-08-05T15:21:19","modified_gmt":"2023-08-05T15:21:19","slug":"world-rice-price-index-soars-after-indias-export-ban","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/world-rice-price-index-soars-after-indias-export-ban\/","title":{"rendered":"World rice price index soars after India&#8217;s export ban"},"content":{"rendered":"\n<p>Hike in prices was mainly driven by excessive demand in key exporting countries<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"700\" height=\"400\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-36.png\" alt=\"\" class=\"wp-image-6346\" srcset=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-36.png 700w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-36-600x343.png 600w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-36-300x171.png 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/figure>\n\n\n\n<p>The world rice price index of the United Nations food agency experienced a notable 2.8% rise in July, as compared to June, reaching the highest level recorded in almost 12 years.<\/p>\n\n\n\n<p>This hike in prices was mainly driven by excessive demand in key exporting countries and India&#8217;s decision to restrict its rice exports.<\/p>\n\n\n\n<p>The Food and Agriculture Organisation&#8217;s All Rice Price Index, which tracks rice prices across major exporting nations, estimated an average of 129.7 points last month, a notable rise from June&#8217;s 126.2 points.<\/p>\n\n\n\n<p>The score from July was much higher, nearly 20%, than the corresponding period in the previous year, reaching 108.4 points, marking the highest level since September 2011.<\/p>\n\n\n\n<p>The overall world food price index also notably rebounded in July after experiencing two-year lows.<\/p>\n\n\n\n<p>India, being a key player in the global rice market with 40% of world rice exports, restricted its largest rice export category to stabilise domestic prices that had increased to multi-year highs due to unpredictable weather affecting production.<\/p>\n\n\n\n<p>Countries such as Thailand, Vietnam, Cambodia and Pakistan are also prominent rice exporters, while China, Philippines, Benin, Senegal, Nigeria and Malaysia remain key importers of the food staple.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hike in prices was mainly driven by excessive demand in key exporting countries The world rice price index of the United Nations food agency experienced a notable 2.8% rise in July, as compared to June, reaching the highest level recorded in almost 12 years. This hike in prices was mainly driven by excessive demand in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6346,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[159],"class_list":["post-6345","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>World rice price index soars after India&#039;s export ban - 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=\"World rice price index soars after India&#039;s export ban - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"Hike in prices was mainly driven by excessive demand in key exporting countries The world rice price index of the United Nations food agency experienced a notable 2.8% rise in July, as compared to June, reaching the highest level recorded in almost 12 years. 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