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Rice prices surge to fresh 15-year high
AIC
- 27 December, 2023
- 13:49
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Rice prices surged to a fresh 15-year high, fueled by strong demand and lingering supply concerns.
Report informs via Bloomberg that Thai white rice 5% broken — an Asian benchmark — climbed for a third straight week to reach $659 a ton on Wednesday, according to the Thai Rice Exporters Association.
That’s the highest since October 2008 and brings the increase in prices to about 38% this year, after top shipper India restricted exports and dry weather threatened production.
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