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Rice Is Saving Asia as Ukraine War Drives Up Food Prices

Russia’s invasion of Ukraine has driven up food prices around the globe, however the scenario is much less grim in Asia. Thank rice.

Following successive bumper crops, rice has emerged as a uncommon meals commodity that has usually been cheaper this 12 months than it was final 12 months. That’s nice information for the billions of people that dwell throughout the swath of Asia the place the grain is a well-liked staple, from India to Thailand, Vietnam and Japan. The area encompassing South, Southeast and East Asia produces and consumes greater than 80% of the world’s rice, in keeping with knowledge from the U.S. Department of Agriculture.

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