{"id":7974,"date":"2023-09-12T09:26:17","date_gmt":"2023-09-12T09:26:17","guid":{"rendered":"https:\/\/ricenewstoday.com\/dev\/?p=7974"},"modified":"2023-09-12T09:26:41","modified_gmt":"2023-09-12T09:26:41","slug":"global-rice-price-soars-to-15-year-high","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/global-rice-price-soars-to-15-year-high\/","title":{"rendered":"Global rice price soars to 15-year high"},"content":{"rendered":"\n<p id=\"article-subheading_1-0\">The monthly Food Price Index, which measures international prices for a basket of food commodities, fell for the seventh time this year despite a nearly 10% surge in rice prices, said the UN Food and Agriculture Organization. Rice prices are at a 15-year high because of India\u2019s decision to restrict exports of non-basmati white rice.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"682\" height=\"1024\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-62-682x1024.png\" alt=\"\" class=\"wp-image-7975\" srcset=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-62-682x1024.png 682w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-62-600x901.png 600w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-62-200x300.png 200w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-62.png 750w\" sizes=\"(max-width: 682px) 100vw, 682px\" \/><\/figure>\n\n\n\n<p id=\"mntl-sc-block_1-0\">The monthly Food Price Index, which measures international prices for a basket of food commodities, fell for the seventh time this year despite a nearly 10% surge in rice prices, said the\u00a0UN Food and Agriculture Organization. Rice prices are at a 15-year high because of India\u2019s decision to restrict exports of non-basmati white rice.<\/p>\n\n\n\n<p id=\"mntl-sc-block_1-0-2\">India is the world\u2019s largest rice exporter, accounting for up to 40% of rice on the world market. Rice trade declined after India announced export controls in July. The FAO said \u201cuncertainty over the ban\u2019s duration and concerns that export restrictions would be extended to other rice types\u201d drove up prices along with the effect of tight supplies ahead of this year\u2019s rice harvest.<\/p>\n\n\n\n<p id=\"mntl-sc-block_1-0-4\">The Food Price Index reading of 121.4 points for August was a drop of 2.1% from the previous month and was 24% the peak of March 2022, immediately after Russia invaded Ukraine and disrupted grain shipments from the Black Sea region.<\/p>\n\n\n\n<p id=\"mntl-sc-block_1-0-6\">In a\u00a0companion report, the FAO said cereal grain production would total 2.815 billion tonnes in 2023\/24, on par with the 2021 record. The world wheat crop would be the second-largest ever and feed grains would total 1.511 billion tonnes \u2014 2.7% larger than last season. The stocks-to-use ratio for cereal grains would remain at comfortable levels.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The monthly Food Price Index, which measures international prices for a basket of food commodities, fell for the seventh time this year despite a nearly 10% surge in rice prices, said the UN Food and Agriculture Organization. Rice prices are at a 15-year high because of India\u2019s decision to restrict exports of non-basmati white rice. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7975,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[332,46,159],"class_list":["post-7974","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-rice-market","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>Global rice price soars to 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=\"Global rice price soars to 15-year high - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"The monthly Food Price Index, which measures international prices for a basket of food commodities, fell for the seventh time this year despite a nearly 10% surge in rice prices, said the UN Food and Agriculture Organization. Rice prices are at a 15-year high because of India\u2019s decision to restrict exports of non-basmati white rice. 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