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Rice on the cusp of fresh 15-year high in Asia after sharp rebound
Mint Mumbai
|December 01, 2023
Rice prices are on track for a new 15-year high, threatening to spark more angst in Asia and Africa where the grain is the staple for billions.
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Thai white rice 5% brokenan Asian benchmark-has jumped by $57 over the past two weeks to $640 a tonne following a period of relative calm, putting prices just short of the highest level since October 2008. That milestone was reached in early August in the wake of sweeping export curbs from top shipper India.
This story is from the December 01, 2023 edition of Mint Mumbai.
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