A Record-breaking rice shortage
Record-breaking rice shortage in 2023 threatens global food security Thursday, April 20, 2023 Rice production for 2023 is set to log its largest shortfall in two decades, according to Fitch Solutions. This severe global deficit is primarily driven by the ongoing war in Ukraine, and weather-related challenges in major rice-producing countries like China and Pakistan. Over 3.5 billion people worldwide, particularly in Asia-Pacific, are feeling the impact of rising rice prices, as the region consumes 90% of the world’s rice….
