Global rice markets are in crisis amid 'artificial' shortage
Publishing timestamp: 2023-11-07 12:45:32
Summary
India's export ban on rice is causing a shortage in global rice markets, threatening food security for developing nations. Rice prices have spiked, and farmers are struggling to compete with foreign governments. The article highlights the need for affordable food and the impact on trade relationships and livelihoods.
Sentiment: NEGATIVE
Tickers: @RR.1,
Keywords: commodity markets, food and drink, unemployment, asia economy, rice farming, asia news, trade, russia-ukraine crisis, prices, u.s. economy, inflation, rough rice (mar'23), trade agreements, economy, politics, coronavirus, global trade, agriculture, china, shipping, personal income, markets, environment, free trade, india, breaking news: markets, poverty, fair trade, narendra modi, business, africa, logistical and moving services, hunger, indonesia, trade balance, farmer, covid-19 pandemic, business news, producer prices,
Source: https://www.cnbc.com/2023/11/07/global-rice-markets-are-in-crisis-amid-artificial-shortage.html