Japan Faces Rice Shortage Crisis Amid Rising Prices and Consumer Demand
Originally Published 7 months ago — by Financial Times
In Japan, people are queuing for hours due to a deepening rice shortage, highlighting ongoing food supply issues.
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Global Rice Shortage Sparks Soaring Prices and Heightens Concerns
Originally Published 2 years ago — by KSL.com
A rice shortage caused by India's ban on rice exports and the impact of the El Nino weather phenomenon is driving up prices globally, putting vulnerable populations at risk. With India being the largest exporter of rice, the ban has created a gap of around 10.4 tons of rice, roughly a fifth of global exports. Countries are scrambling to secure rice supplies, and there are concerns that other nations may follow India's lead, exacerbating the shortage. Extreme weather events and the growing demand for rice in Africa further contribute to the precarious food security situation.
Global Rice Shortage Sparks Soaring Prices
Originally Published 2 years ago — by Honolulu Star-Advertiser
A rice shortage caused by higher fertilizer prices, drought in the Horn of Africa, and India's ban on rice exports is sending prices soaring worldwide. The ban has left a gap of around 9.5 million metric tons of rice, roughly a fifth of global exports, creating a supply crunch and spiking prices. The situation is worsened by extreme weather events like El Nino, which is expected to expand to supersized levels due to climate change. Countries heavily dependent on rice imports, such as Senegal and the Philippines, are struggling to ensure adequate supplies. Other major rice exporters like Vietnam and Thailand are trying to capitalize on the situation, but uncertainty and concerns about the El Nino are making exporters reluctant to take orders.