Rice is saving Asia as Ukraine war raises food prices

Russia’s invasion of Ukraine has sent food prices soaring around the world, but the situation in Asia is less dire. Thank you rice.

After consecutive bountiful harvests, rice has emerged as a rare and often cheaper food commodity this year than it did last year. That’s great news for the billions of people living across Asia, where grains are a staple, from India to Thailand, Vietnam and Japan. According to data from the United States Department of Agriculture, the region comprising South, Southeast and East Asia produces and consumes more than 80% of the world’s rice.

https://www.wsj.com/articles/rice-is-saving-asia-as-ukraine-war-drives-up-food-prices-11656495181 Rice is saving Asia as Ukraine war raises food prices

Mike Fahey

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