Rice market: record prices in the last 15 years

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

One of the factors that has led to the increase in prices is the decrease in production. In many countries that are major rice producers, production has decreased due to various reasons, such as bad weather, insufficient irrigation and technical problems. This has led to a shortage of supply on the world market, which has affected prices.

The increase in 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 growth in demand for rice products.

Natural disasters such as floods and droughts also affect rice prices. These natural phenomena can cause serious damage to rice crops, leading to a decrease in rice supply and, consequently, to an increase in its price.

Rising rice prices have a serious impact on the economies of rice-importing countries, particularly in Southeast Asia, where rice is a major part of the diet. Increasing rice costs can lead to increased inflation and increased social tensions.

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