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

... 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, the main rice-yielding region. In general, rice self-sufficiency in China has been high since the 1990s, with only certain varieties of rice imported. However, the country started to ramp up rice imports after the pandemic. In 2022, imports reached 6.1 million ...