{"id":7852,"date":"2023-09-09T15:37:31","date_gmt":"2023-09-09T15:37:31","guid":{"rendered":"https:\/\/ricenewstoday.com\/dev\/?p=7852"},"modified":"2023-09-09T15:37:37","modified_gmt":"2023-09-09T15:37:37","slug":"global-rice-prices-hit-15-year-high-after-indias-curbs","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/global-rice-prices-hit-15-year-high-after-indias-curbs\/","title":{"rendered":"Global rice prices hit 15-year high after India\u2019s curbs"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-41.png\" alt=\"\" class=\"wp-image-7853\" srcset=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-41.png 1024w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-41-600x450.png 600w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-41-300x225.png 300w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-41-768x576.png 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>PARIS: Global rice prices reached a 15-year high in August after top exporter India banned some overseas sales of the grain, the Food and Agriculture Organization said Friday.<\/strong><\/p>\n\n\n\n<p>While global food prices eased in August, those of rice rose 9.8 percent compared to the previous month, \u201creflecting trade disruptions in the aftermath of a ban on India white rice exports by India\u201d, the FAO said in a monthly report.<\/p>\n\n\n\n<p>\u201cUncertainty about the ban\u2019s duration and concerns over export restrictions caused supply-chain actors to hold on to stocks, re-negotiate contracts or stop making price offers, thereby limiting most trade to small volumes and previously concluded sales,\u201d the UN agency said.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.brecorder.com\/news\/40256370\">World rice price index jumps to near 12-year high in July: FAO<\/a><\/strong><\/p>\n\n\n\n<p>Rice is a major world food staple and prices on international markets have soared in the wake of the Covid pandemic, the war in Ukraine and the impact of the El Nino weather phenomenon on production levels.<\/p>\n\n\n\n<p>India announced in July a ban on exports of non-basmati white rice, which account for around a quarter of its total.<\/p>\n\n\n\n<p>The consumer affairs and food ministry said at the time that the move would \u201censure adequate availability\u201d and \u201callay the rise in prices in the domestic market\u201d.<\/p>\n\n\n\n<p>India accounts for more than 40 percent of all global rice shipments.<\/p>\n\n\n\n<p>The ban was expected to hit African nations, Turkey, Syria and Pakistan, all of which were already struggling with high inflation, data analytics firm Gro Intelligence warned in a note in July.<\/p>\n\n\n\n<p>The Philippines, one of the world\u2019s top importers of rice, reached a five-year agreement with Vietnam on Thursday to buy rice.<\/p>\n\n\n\n<p>World rice stocks are forecast to reach an all-time high of 198.1 million tonnes, with India and China holding nearly three quarter of this volume like in previous seasons, according to the FAO.<\/p>\n\n\n\n<p>This total represents around 38 percent of rice consumption forecast over the same period.<\/p>\n\n\n\n<p>But aggregate rice reserves held by the rest of the world are expected to end the year with a second successive contraction, it added.<\/p>\n\n\n\n<p>El Nino could also have a negative effect on the next harvests.<\/p>\n\n\n\n<p>The turmoil in the rice market comes as global food prices have been progressively easing from a peak last year after war broke out between major grain producers Russia and Ukraine.<\/p>\n\n\n\n<p>The FAO\u2019s global food price index, which tracks monthly changes in international prices of a basket of food commodities, averaged 121.4 points in August, down 2.1 percent from July.<\/p>\n\n\n\n<p>The index was 24 percent below the summit it reached in March 2022.<\/p>\n\n\n\n<p>Prices of cereal, meat, dairy and vegetable oils all fell in August.<\/p>\n\n\n\n<p>Sugar prices, however, rose by 1.3 percent due to \u201cheightened concerns over the impact of the El Nino phenomenon on sugarcane crops, along with below-average rains in August and persistent dry weather conditions in Thailand\u201d.<\/p>\n\n\n\n<p>Global food prices had slightly rebounded in July when Russia pulled out of a deal brokered by the UN and Turkey that had enabled Ukraine to ship grains via the Black Sea.<\/p>\n\n\n\n<p>The FAO said on Friday it had lowered its forecast for world trade in cereals in 2023 and 2024 to 466 million tonnes \u2014 a 1.7 percent drop from the previous marketing season.<\/p>\n\n\n\n<p>\u201cTraded volumes of wheat and maize are all predicted to decline, due to a mix of reasons, including falling exports by Ukraine due to trade disruptions associated with the ongoing war,\u201d it said.<\/p>\n\n\n\n<p>\u201cFAO has also lowered its forecast for world trade in rice from the July figure considering the stepped-up export restrictions by India,\u201d the FAO added.<\/p>\n\n\n\n<p>An expected recovery of the rice trade in 2024 would be \u201cmodest\u201d if the India restrictions are protracted and El Nino disrupts production in other Asian exporters, the FAO added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PARIS: Global rice prices reached a 15-year high in August after top exporter India banned some overseas sales of the grain, the Food and Agriculture Organization said Friday. While global food prices eased in August, those of rice rose 9.8 percent compared to the previous month, \u201creflecting trade disruptions in the aftermath of a ban [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7853,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[167,159],"class_list":["post-7852","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-indian-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>Global rice prices hit 15-year high after India\u2019s curbs - 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=\"Global rice prices hit 15-year high after India\u2019s curbs - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"PARIS: Global rice prices reached a 15-year high in August after top exporter India banned some overseas sales of the grain, the Food and Agriculture Organization said Friday. While global food prices eased in August, those of rice rose 9.8 percent compared to the previous month, \u201creflecting trade disruptions in the aftermath of a ban [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ricenewstoday.com\/dev\/global-rice-prices-hit-15-year-high-after-indias-curbs\/\" \/>\n<meta property=\"og:site_name\" content=\"Rice News Today\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-09T15:37:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-09T15:37:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-41.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Developer Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Developer Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/global-rice-prices-hit-15-year-high-after-indias-curbs\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/global-rice-prices-hit-15-year-high-after-indias-curbs\/\"},\"author\":{\"name\":\"Developer Team\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/#\/schema\/person\/5bab6fa4a598696885d5615daac778dd\"},\"headline\":\"Global rice prices hit 15-year high after India\u2019s curbs\",\"datePublished\":\"2023-09-09T15:37:31+00:00\",\"dateModified\":\"2023-09-09T15:37:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/global-rice-prices-hit-15-year-high-after-indias-curbs\/\"},\"wordCount\":625,\"publisher\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/#organization\"},\"image\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/global-rice-prices-hit-15-year-high-after-indias-curbs\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-41.png\",\"keywords\":[\"indian rice\",\"Global Rice News\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/global-rice-prices-hit-15-year-high-after-indias-curbs\/\",\"url\":\"https:\/\/ricenewstoday.com\/dev\/global-rice-prices-hit-15-year-high-after-indias-curbs\/\",\"name\":\"Global rice prices hit 15-year high after India\u2019s curbs - Rice News Today\",\"isPartOf\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/global-rice-prices-hit-15-year-high-after-indias-curbs\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/global-rice-prices-hit-15-year-high-after-indias-curbs\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-41.png\",\"datePublished\":\"2023-09-09T15:37:31+00:00\",\"dateModified\":\"2023-09-09T15:37:37+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/global-rice-prices-hit-15-year-high-after-indias-curbs\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ricenewstoday.com\/dev\/global-rice-prices-hit-15-year-high-after-indias-curbs\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/global-rice-prices-hit-15-year-high-after-indias-curbs\/#primaryimage\",\"url\":\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-41.png\",\"contentUrl\":\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-41.png\",\"width\":1024,\"height\":768},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/global-rice-prices-hit-15-year-high-after-indias-curbs\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ricenewstoday.com\/dev\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Global rice prices hit 15-year high after India\u2019s curbs\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/#website\",\"url\":\"https:\/\/ricenewstoday.com\/dev\/\",\"name\":\"Rice News Today\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ricenewstoday.com\/dev\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/#organization\",\"name\":\"Rice News Today\",\"url\":\"https:\/\/ricenewstoday.com\/dev\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/11\/ricenews-share-og.png\",\"contentUrl\":\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/11\/ricenews-share-og.png\",\"width\":696,\"height\":696,\"caption\":\"Rice News Today\"},\"image\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/#\/schema\/person\/5bab6fa4a598696885d5615daac778dd\",\"name\":\"Developer Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ricenewstoday.com\/dev\/wp-content\/litespeed\/avatar\/7f4250de373ca51742ab7d6abe1e77b4.jpg?ver=1775773810\",\"contentUrl\":\"https:\/\/ricenewstoday.com\/dev\/wp-content\/litespeed\/avatar\/7f4250de373ca51742ab7d6abe1e77b4.jpg?ver=1775773810\",\"caption\":\"Developer Team\"},\"sameAs\":[\"https:\/\/ricenewstoday.com\/dev\"],\"url\":\"https:\/\/ricenewstoday.com\/dev\/author\/techwise\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Global rice prices hit 15-year high after India\u2019s curbs - Rice News Today","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_US","og_type":"article","og_title":"Global rice prices hit 15-year high after India\u2019s curbs - Rice News Today","og_description":"PARIS: Global rice prices reached a 15-year high in August after top exporter India banned some overseas sales of the grain, the Food and Agriculture Organization said Friday. While global food prices eased in August, those of rice rose 9.8 percent compared to the previous month, \u201creflecting trade disruptions in the aftermath of a ban [&hellip;]","og_url":"https:\/\/ricenewstoday.com\/dev\/global-rice-prices-hit-15-year-high-after-indias-curbs\/","og_site_name":"Rice News Today","article_published_time":"2023-09-09T15:37:31+00:00","article_modified_time":"2023-09-09T15:37:37+00:00","og_image":[{"url":"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-41.png","width":1024,"height":768,"type":"image\/png"}],"author":"Developer Team","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Developer Team","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ricenewstoday.com\/dev\/global-rice-prices-hit-15-year-high-after-indias-curbs\/#article","isPartOf":{"@id":"https:\/\/ricenewstoday.com\/dev\/global-rice-prices-hit-15-year-high-after-indias-curbs\/"},"author":{"name":"Developer Team","@id":"https:\/\/ricenewstoday.com\/dev\/#\/schema\/person\/5bab6fa4a598696885d5615daac778dd"},"headline":"Global rice prices hit 15-year high after India\u2019s curbs","datePublished":"2023-09-09T15:37:31+00:00","dateModified":"2023-09-09T15:37:37+00:00","mainEntityOfPage":{"@id":"https:\/\/ricenewstoday.com\/dev\/global-rice-prices-hit-15-year-high-after-indias-curbs\/"},"wordCount":625,"publisher":{"@id":"https:\/\/ricenewstoday.com\/dev\/#organization"},"image":{"@id":"https:\/\/ricenewstoday.com\/dev\/global-rice-prices-hit-15-year-high-after-indias-curbs\/#primaryimage"},"thumbnailUrl":"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-41.png","keywords":["indian rice","Global Rice News"],"articleSection":["News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/ricenewstoday.com\/dev\/global-rice-prices-hit-15-year-high-after-indias-curbs\/","url":"https:\/\/ricenewstoday.com\/dev\/global-rice-prices-hit-15-year-high-after-indias-curbs\/","name":"Global rice prices hit 15-year high after India\u2019s curbs - Rice News Today","isPartOf":{"@id":"https:\/\/ricenewstoday.com\/dev\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ricenewstoday.com\/dev\/global-rice-prices-hit-15-year-high-after-indias-curbs\/#primaryimage"},"image":{"@id":"https:\/\/ricenewstoday.com\/dev\/global-rice-prices-hit-15-year-high-after-indias-curbs\/#primaryimage"},"thumbnailUrl":"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-41.png","datePublished":"2023-09-09T15:37:31+00:00","dateModified":"2023-09-09T15:37:37+00:00","breadcrumb":{"@id":"https:\/\/ricenewstoday.com\/dev\/global-rice-prices-hit-15-year-high-after-indias-curbs\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ricenewstoday.com\/dev\/global-rice-prices-hit-15-year-high-after-indias-curbs\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ricenewstoday.com\/dev\/global-rice-prices-hit-15-year-high-after-indias-curbs\/#primaryimage","url":"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-41.png","contentUrl":"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-41.png","width":1024,"height":768},{"@type":"BreadcrumbList","@id":"https:\/\/ricenewstoday.com\/dev\/global-rice-prices-hit-15-year-high-after-indias-curbs\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ricenewstoday.com\/dev\/"},{"@type":"ListItem","position":2,"name":"Global rice prices hit 15-year high after India\u2019s curbs"}]},{"@type":"WebSite","@id":"https:\/\/ricenewstoday.com\/dev\/#website","url":"https:\/\/ricenewstoday.com\/dev\/","name":"Rice News Today","description":"","publisher":{"@id":"https:\/\/ricenewstoday.com\/dev\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ricenewstoday.com\/dev\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ricenewstoday.com\/dev\/#organization","name":"Rice News Today","url":"https:\/\/ricenewstoday.com\/dev\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ricenewstoday.com\/dev\/#\/schema\/logo\/image\/","url":"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/11\/ricenews-share-og.png","contentUrl":"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/11\/ricenews-share-og.png","width":696,"height":696,"caption":"Rice News Today"},"image":{"@id":"https:\/\/ricenewstoday.com\/dev\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ricenewstoday.com\/dev\/#\/schema\/person\/5bab6fa4a598696885d5615daac778dd","name":"Developer Team","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ricenewstoday.com\/dev\/#\/schema\/person\/image\/","url":"https:\/\/ricenewstoday.com\/dev\/wp-content\/litespeed\/avatar\/7f4250de373ca51742ab7d6abe1e77b4.jpg?ver=1775773810","contentUrl":"https:\/\/ricenewstoday.com\/dev\/wp-content\/litespeed\/avatar\/7f4250de373ca51742ab7d6abe1e77b4.jpg?ver=1775773810","caption":"Developer Team"},"sameAs":["https:\/\/ricenewstoday.com\/dev"],"url":"https:\/\/ricenewstoday.com\/dev\/author\/techwise\/"}]}},"_links":{"self":[{"href":"https:\/\/ricenewstoday.com\/dev\/wp-json\/wp\/v2\/posts\/7852","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ricenewstoday.com\/dev\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ricenewstoday.com\/dev\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ricenewstoday.com\/dev\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ricenewstoday.com\/dev\/wp-json\/wp\/v2\/comments?post=7852"}],"version-history":[{"count":0,"href":"https:\/\/ricenewstoday.com\/dev\/wp-json\/wp\/v2\/posts\/7852\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ricenewstoday.com\/dev\/wp-json\/wp\/v2\/media\/7853"}],"wp:attachment":[{"href":"https:\/\/ricenewstoday.com\/dev\/wp-json\/wp\/v2\/media?parent=7852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ricenewstoday.com\/dev\/wp-json\/wp\/v2\/categories?post=7852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ricenewstoday.com\/dev\/wp-json\/wp\/v2\/tags?post=7852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}