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Rice next on the plate as inflation-led food protectionism persists

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Uma Devi

Uma Devi

Published Mon, Aug 29, 2022 · 05:50 AM
    • According to data from research firm Statista, India topped the list of top rice exporters. Vietnam and Thailand were also among the biggest exporters of the commodity.
    • According to data from research firm Statista, India topped the list of top rice exporters. Vietnam and Thailand were also among the biggest exporters of the commodity. PHOTO: BLOOMBERG

    FIRST it was palm oil. Then it was chicken.

    Rice is the agri commodity to keep an eye on next amid rising food protectionism in the region as inflation persists, although the risk of fresh export curbs remains low for the rest of this year, according to market watchers polled by The Business Times.

    The agribusiness has been hit hard since Russia’s invasion of Ukraine, which resulted in an assortment of government bans and disrupted and weakened global supply chains, sparking a significant rally in food prices in the first half that continues to persist.

    Food supplyFood securityFood pricesPalm oilAgriculture/Farming

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