{"id":8112,"date":"2023-09-16T21:30:28","date_gmt":"2023-09-16T21:30:28","guid":{"rendered":"https:\/\/ricenewstoday.com\/dev\/?p=8112"},"modified":"2023-09-16T21:30:38","modified_gmt":"2023-09-16T21:30:38","slug":"global-rice-crisis-reminiscent-of-2008-asian-food-price-scare","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/global-rice-crisis-reminiscent-of-2008-asian-food-price-scare\/","title":{"rendered":"Global rice crisis reminiscent of 2008 Asian food price scare"},"content":{"rendered":"\n<p>&#8220;Back then, rising rice prices in some economies quickly spilled over into other markets as consumers and governments across the region scrambled to secure supplies. It also lifted the prices of other staples, such as wheat, as buyers shifted to alternatives.&#8221;<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"938\" height=\"527\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-91.png\" alt=\"\" class=\"wp-image-8113\" srcset=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-91.png 938w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-91-600x337.png 600w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-91-300x169.png 300w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-91-768x431.png 768w\" sizes=\"(max-width: 938px) 100vw, 938px\" \/><\/figure>\n\n\n\n<p>Global rice crisis reminiscent of 2008 Asian food price scare<\/p>\n\n\n\n<p>Frederic Neumann, the Chief Asia Economist at HSBC Global Research, highlighted in a note to clients that skyrocketing rice prices present hurdles for central banks combating high inflation, Zero Hedge reported.<\/p>\n\n\n\n<p>He drew parallels between the current surge in food prices and the one that rocked the world in 2008, noting that shortage fears are rising for the staple food that feeds billions of people.<\/p>\n\n\n\n<p>&#8220;The memory of the 2008 Asian food price scare sits deep,&#8221; Neumann wrote.&nbsp;<\/p>\n\n\n\n<p>&#8220;Back then, rising rice prices in some economies quickly spilled over into other markets as consumers and governments across the region scrambled to secure supplies. It also lifted the prices of other staples, such as wheat, as buyers shifted to alternatives.&#8221;<\/p>\n\n\n\n<p>Rice from Asia accounts for about 90 per cent of the global production.<\/p>\n\n\n\n<p>The El Nino weather phenomenon has sparked heavy rainfall and droughts across top-producing regions, such as India, which has imposed export restrictions to ensure adequate domestic supplies, Zero Hedge reported.<\/p>\n\n\n\n<p>Neumann said global rice imports as a share of consumption have doubled over the past two decades, and are up about four percentage points since the 2008 food crisis.<\/p>\n\n\n\n<p>&#8220;This means that disruption in one economy could have much bigger spillovers into others than in the past.&#8221;&nbsp;<\/p>\n\n\n\n<p>The analyst concluded: &#8220;Go easy on the curry&#8221;, Zero Hedge reported.<\/p>\n\n\n\n<p><a href=\"https:\/\/odishatv.in\/author\/ians-16344\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Back then, rising rice prices in some economies quickly spilled over into other markets as consumers and governments across the region scrambled to secure supplies. It also lifted the prices of other staples, such as wheat, as buyers shifted to alternatives.&#8221; Global rice crisis reminiscent of 2008 Asian food price scare Frederic Neumann, the Chief [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8111,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[46,159],"class_list":["post-8112","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","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 crisis reminiscent of 2008 Asian food price scare - 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 crisis reminiscent of 2008 Asian food price scare - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"&#8220;Back then, rising rice prices in some economies quickly spilled over into other markets as consumers and governments across the region scrambled to secure supplies. It also lifted the prices of other staples, such as wheat, as buyers shifted to alternatives.&#8221; Global rice crisis reminiscent of 2008 Asian food price scare Frederic Neumann, the Chief [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ricenewstoday.com\/dev\/global-rice-crisis-reminiscent-of-2008-asian-food-price-scare\/\" \/>\n<meta property=\"og:site_name\" content=\"Rice News Today\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-16T21:30:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-16T21:30:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-90.png\" \/>\n\t<meta property=\"og:image:width\" content=\"938\" \/>\n\t<meta property=\"og:image:height\" content=\"527\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/global-rice-crisis-reminiscent-of-2008-asian-food-price-scare\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/global-rice-crisis-reminiscent-of-2008-asian-food-price-scare\/\"},\"author\":{\"name\":\"Developer Team\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/#\/schema\/person\/5bab6fa4a598696885d5615daac778dd\"},\"headline\":\"Global rice crisis reminiscent of 2008 Asian food price scare\",\"datePublished\":\"2023-09-16T21:30:28+00:00\",\"dateModified\":\"2023-09-16T21:30:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/global-rice-crisis-reminiscent-of-2008-asian-food-price-scare\/\"},\"wordCount\":277,\"publisher\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/#organization\"},\"image\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/global-rice-crisis-reminiscent-of-2008-asian-food-price-scare\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-90.png\",\"keywords\":[\"Asian Rice\",\"Global Rice News\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/global-rice-crisis-reminiscent-of-2008-asian-food-price-scare\/\",\"url\":\"https:\/\/ricenewstoday.com\/dev\/global-rice-crisis-reminiscent-of-2008-asian-food-price-scare\/\",\"name\":\"Global rice crisis reminiscent of 2008 Asian food price scare - Rice News Today\",\"isPartOf\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/global-rice-crisis-reminiscent-of-2008-asian-food-price-scare\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/global-rice-crisis-reminiscent-of-2008-asian-food-price-scare\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-90.png\",\"datePublished\":\"2023-09-16T21:30:28+00:00\",\"dateModified\":\"2023-09-16T21:30:38+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/global-rice-crisis-reminiscent-of-2008-asian-food-price-scare\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ricenewstoday.com\/dev\/global-rice-crisis-reminiscent-of-2008-asian-food-price-scare\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/global-rice-crisis-reminiscent-of-2008-asian-food-price-scare\/#primaryimage\",\"url\":\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-90.png\",\"contentUrl\":\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-90.png\",\"width\":938,\"height\":527},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/global-rice-crisis-reminiscent-of-2008-asian-food-price-scare\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ricenewstoday.com\/dev\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Global rice crisis reminiscent of 2008 Asian food price scare\"}]},{\"@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 crisis reminiscent of 2008 Asian food price scare - 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 crisis reminiscent of 2008 Asian food price scare - Rice News Today","og_description":"&#8220;Back then, rising rice prices in some economies quickly spilled over into other markets as consumers and governments across the region scrambled to secure supplies. It also lifted the prices of other staples, such as wheat, as buyers shifted to alternatives.&#8221; Global rice crisis reminiscent of 2008 Asian food price scare Frederic Neumann, the Chief [&hellip;]","og_url":"https:\/\/ricenewstoday.com\/dev\/global-rice-crisis-reminiscent-of-2008-asian-food-price-scare\/","og_site_name":"Rice News Today","article_published_time":"2023-09-16T21:30:28+00:00","article_modified_time":"2023-09-16T21:30:38+00:00","og_image":[{"width":938,"height":527,"url":"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-90.png","type":"image\/png"}],"author":"Developer Team","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Developer Team","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ricenewstoday.com\/dev\/global-rice-crisis-reminiscent-of-2008-asian-food-price-scare\/#article","isPartOf":{"@id":"https:\/\/ricenewstoday.com\/dev\/global-rice-crisis-reminiscent-of-2008-asian-food-price-scare\/"},"author":{"name":"Developer Team","@id":"https:\/\/ricenewstoday.com\/dev\/#\/schema\/person\/5bab6fa4a598696885d5615daac778dd"},"headline":"Global rice crisis reminiscent of 2008 Asian food price scare","datePublished":"2023-09-16T21:30:28+00:00","dateModified":"2023-09-16T21:30:38+00:00","mainEntityOfPage":{"@id":"https:\/\/ricenewstoday.com\/dev\/global-rice-crisis-reminiscent-of-2008-asian-food-price-scare\/"},"wordCount":277,"publisher":{"@id":"https:\/\/ricenewstoday.com\/dev\/#organization"},"image":{"@id":"https:\/\/ricenewstoday.com\/dev\/global-rice-crisis-reminiscent-of-2008-asian-food-price-scare\/#primaryimage"},"thumbnailUrl":"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-90.png","keywords":["Asian Rice","Global Rice News"],"articleSection":["News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/ricenewstoday.com\/dev\/global-rice-crisis-reminiscent-of-2008-asian-food-price-scare\/","url":"https:\/\/ricenewstoday.com\/dev\/global-rice-crisis-reminiscent-of-2008-asian-food-price-scare\/","name":"Global rice crisis reminiscent of 2008 Asian food price scare - Rice News Today","isPartOf":{"@id":"https:\/\/ricenewstoday.com\/dev\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ricenewstoday.com\/dev\/global-rice-crisis-reminiscent-of-2008-asian-food-price-scare\/#primaryimage"},"image":{"@id":"https:\/\/ricenewstoday.com\/dev\/global-rice-crisis-reminiscent-of-2008-asian-food-price-scare\/#primaryimage"},"thumbnailUrl":"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-90.png","datePublished":"2023-09-16T21:30:28+00:00","dateModified":"2023-09-16T21:30:38+00:00","breadcrumb":{"@id":"https:\/\/ricenewstoday.com\/dev\/global-rice-crisis-reminiscent-of-2008-asian-food-price-scare\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ricenewstoday.com\/dev\/global-rice-crisis-reminiscent-of-2008-asian-food-price-scare\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ricenewstoday.com\/dev\/global-rice-crisis-reminiscent-of-2008-asian-food-price-scare\/#primaryimage","url":"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-90.png","contentUrl":"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-90.png","width":938,"height":527},{"@type":"BreadcrumbList","@id":"https:\/\/ricenewstoday.com\/dev\/global-rice-crisis-reminiscent-of-2008-asian-food-price-scare\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ricenewstoday.com\/dev\/"},{"@type":"ListItem","position":2,"name":"Global rice crisis reminiscent of 2008 Asian food price scare"}]},{"@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\/8112","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=8112"}],"version-history":[{"count":0,"href":"https:\/\/ricenewstoday.com\/dev\/wp-json\/wp\/v2\/posts\/8112\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ricenewstoday.com\/dev\/wp-json\/wp\/v2\/media\/8111"}],"wp:attachment":[{"href":"https:\/\/ricenewstoday.com\/dev\/wp-json\/wp\/v2\/media?parent=8112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ricenewstoday.com\/dev\/wp-json\/wp\/v2\/categories?post=8112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ricenewstoday.com\/dev\/wp-json\/wp\/v2\/tags?post=8112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}