Is the “Rice Panic” Justified and What Awaits the Grain Market

.... For example, Thailand and Vietnam faced prolonged drought. This led to rice exchange prices in the Asia-Pacific soaring to a 15-year high. Currently, the export price of rice in Thailand and Vietnam exceeds $600 per ton. In the midst of rising prices, Russia and the UAE had to introduce a ban on rice exports . The situation is aggravated by the fact that it’s almost impossible to replace the rice varieties consumed by certain countries. Heavy rains also threaten the rice crop in southeastern China,...