The prices of many fresh vegetables have risen over 30 percent recently, partly due to tariff increases. But rice prices have remained fairly stable in the U.S., and rice has gotten a lot cheaper in much of the world.
“Global rice prices have tumbled to their lowest level in eight years, in a blow to many farmers across Asia, as record harvests and the ending of export bans in India flood the market with supply,” reports the Financial Times:
Export prices for Thai 5 per cent broken white rice, the global benchmark, have dropped to $372.50 per tonne in recent days, a 26 per cent decline since late last year and their lowest level since 2017. That extends a slide that began after India, the world’s largest exporter, started lifting restrictions on shipments in September 2024.
