date:Nov 16, 2022
A 29% increase in prices for long rice will hit markets starting this December, with price increases set to continue through 2023, according to UKs Eurostar Commodities. Severe drought in the Northern Hemisphere has hit the commodity hard.
Countries like Spain have planted less rice because there is less water. Lack of water resources means farmers have turned to less intensive water-based crops, Helen Trevorrow, managing director of Green Row Communications, speaking for Eurostar Commodities,