Rice market: record prices for the past 15 years

The rice market has seen a significant increase in prices, which has become a new record for the past 15 years. According to international agencies, rice prices have increased by 20% compared to last year, reaching the highest level since 2009. This is due to a variety of factors, including reduced production, increased demand and natural disasters.

One of the factors that led to the increase in prices is a decrease in production. Many major rice-producing countries have seen a decline in production due to various reasons, such as bad weather, insufficient irrigation and technical problems. This has led to a shortage of supply in the global market, which affects prices.

Rising demand has also affected the rice market. In particular, the growing popularity of Asian cuisine around the world has led to an increase in demand for rice. In addition, changes in eating habits and the popularity of vegan and vegetarian diets are also contributing to the growing demand for rice products.

Natural disasters such as floods and droughts also affect rice prices. These natural phenomena can cause serious damage to the rice crop, which leads to a decrease in the supply of rice and, accordingly, to an increase in its price.

Rising rice prices have a serious impact on the economies of rice-importing countries, particularly those in Southeast Asia, where rice forms a major part of the diet. An increase in the cost of rice could lead to increased inflation and increased social tension.

In this regard, many countries are looking for ways to ensure stability in the rice market by developing domestic production, diversifying supply sources and stimulating innovation in agriculture.