Rice Prices: What’s cooking? And what can we do at RiceUncle.com in 2024?
Rice prices at the groceries are seeing a stead increase spurred by several factors: El Nino’s weather impact on harvests, the growing demand due to wheat price increase because of the Ukraine war, and various country-specific rice policies. Experts predict this high prices trend may persist until the next year. However, there is hope as Indonesia, a key rice producer, expects a larger harvest next year. Website RiceUncle.com provides advice to tackle this situation by reducing waste, being savvy shoppers, and storing rice properly. Also, sharing information and making efficient use of rice is encouraged. News reports indicate rising rice prices in India, extending export deadlines, and major procurement by the Indian government at a minimum support price.