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How much will global rice prices be affected?

Asked 4 hours ago

Answer

Global rice prices are expected to rise significantly due to floods in Pakistan and India, which have destroyed large areas of rice crops and disrupted supply chains.

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Al Jazeera

Floods slash Pakistan’s basmati rice exports, driving up global prices

Al Jazeera · Just In
Al Jazeera
Al Jazeera
Just In
  • Monsoon floods destroyed over 2.2 million hectares of cropland in Pakistan’s Punjab province.
  • Farmers have suffered heavy losses, with rice crops largely ruined and only fit for animal fodder. 31s
  • Basmati rice, a major export for Pakistan and India, has been severely affected, causing significant economic losses. 56s
  • High production costs and supply chain disruptions are further increasing rice prices. 1m 28s
  • Floods have also impacted Indian Punjab, likely making basmati rice more expensive worldwide. 2m 29s
BusinessRural & AgricultureEconomy

References

Floods slash Pakistan’s basmati rice exports, driving up global prices
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Al Jazeera
5 hours ago
Floods slash Pakistan’s basmati rice exports, driving up global prices

Recent floods have wiped out basmati rice crops in both Pakistan and India, resulting in billions of dollars of losses and driving up global rice prices.

Floods slash Pakistan’s basmati rice exports, driving up global prices
Icon
Al Jazeera
5 hours ago
Floods slash Pakistan’s basmati rice exports, driving up global prices

Destruction of rice paddies in both Pakistan and Indian Punjab, major basmati producers, is likely to make rice even more expensive for consumers worldwide.

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