Indian rice export prices hit their highest level since early-July this week supported by limited supplies and a stronger rupee, while lower demand pressured Thailand's rates.
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World food prices rose for a third straight month in October to reach a fresh 10-year peak, led again by increases in cereals and vegetable oils, the UN food agency said on Thursday.
Iran exported 3.94 million tons of agricultural and food products worth $2.33 billion in the first six months of the current fiscal year (Mar 21-Sep 22). The figures indicate a 5.63% rise in tonnage but a 10.37% decline in value compared with last year’s corresponding period, the Agriculture Ministry’s website reported.
The Chinese government has told families to keep daily necessities in stock in case of emergencies, after COVID-19 outbreaks and unusually heavy rains that caused a surge in vegetable prices raised concerns about supply shortages.
The Port of West Sacramento primarily exports rice. Because it doesn't handle shipping containers, it has been left out of the global shipping bottleneck.
Crop producers who put off buying chemical inputs for the 2022 growing season might find themselves missing out on some products and paying dramatically higher prices for those that are available.