Thursday, September 15, 2022

Are We About To Face A Massive Global Rice Shortage?

Zero Hedge/Economic Collapse Blog: The Stage Is Being Set For A Massive Global Rice Shortage 

This wasn’t supposed to happen. For months, I have been writing article after article about the rapidly growing global food crisis, but even though drought is devastating so many other crops all over the planet I thought that there would be plenty of rice in 2023. Unfortunately, I was wrong. As you will see below, some of the biggest rice producers in the entire world are being hit really hard, and rice production is going to be way below expectations this year. Of course rice is one of the primary staples that poor nations depend upon, and so this is a really big deal. If there is a serious shortage of rice in 2023, that is going to have enormous implications for all of us.  

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WNU Editor: To put everything into perspective on why India is an important rice producer. India accounts for over 40 percent of all worldwide rice shipments. And 150 different nations are dependent on rice from India. 

 World Facing A Massive Global Rice Shortage  

World’s largest rice exporter India restricts shipments after below-average monsoon rainfall -- CNBC/Reuters  

India, the world's top rice exporter, just slapped a 20% tax on some rice exports. It could further fuel food inflation. -- Insider 

India's decision to restrict rice exports could worsen global food inflation -- Quartz

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