Business & Economy

Global rice prices have skyrocketed

The price of rice has risen globally, for several reasons related to the Asian continent, where the material originated.
One of the reasons for the rise in global rice prices is that India, the world’s largest rice exporter, suffers from a lack of rain in the main farming areas.
Also, rice cultivation fields have shrunk to their smallest size in nearly 3 years, which has led to an increase in the prices of some rice varieties.
Also, the rice production in Bangladesh decreased by 1% to 35.6 million tons due to the floods.

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