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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">While global food prices eased in August, those of rice rose 9.8 percent compared to the previous month, "reflecting trade disruptions in the aftermath of a ban on Indica white rice exports by India," AFP reported citing a monthly report of FAO.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"Uncertainty about the ban's duration and concerns over export restrictions caused supply-chain actors to hold on to stocks, re-negotiate contracts or stop making price offers, thereby limiting most trade to small volumes and previously concluded sales," AFP quoted the UN agency as saying.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to AFP, rice is a major world food staple and prices in the international markets have soared in the wake of the Covid pandemic, the war in Ukraine and the impact of the El Nino weather phenomenon on production levels.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">India announced in July a ban on exports of non-basmati white rice, which account for around a quarter of its total followed by a ban on parboiled rice</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The consumer affairs and food ministry said at the time that the move would "ensure adequate availability" and "allay the rise in prices in the domestic market".</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">India accounts for more than 40 percent of all global rice shipments.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The ban was expected to hit African nations, Turkey, Syria and Pakistan, all of which were already struggling with high inflation, data analytics firm Gro Intelligence warned in a note in July.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">World rice stocks are forecast to reach an all-time high of 198.1 million tonnes, with India and China holding nearly three quarter of this volume like in previous seasons, according to the FAO. This total represents around 38 percent of rice consumption forecast over the same period. But aggregate rice reserves held by the rest of the world are expected to end the year with a second successive contraction, it added.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">El Nino could also have a negative effect on the next harvests, added AFP.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the French news agency, the turmoil in the rice market comes as global food prices have been progressively easing from a peak last year after war broke out between major grain producers Russia and Ukraine.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The FAO's global food price index, which tracks monthly changes in international prices of a basket of food commodities, averaged 121.4 points in August, down 2.1 percent from July. The index was 24 percent below the summit it reached in March 2022.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Prices of cereal, meat, dairy and vegetable oils all fell in August.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Sugar prices, however, rose by 1.3 percent due to "heightened concerns over the impact of the El Nino phenomenon on sugarcane crops, along with below-average rains in August and persistent dry weather conditions in Thailand".</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">While global food prices eased in August, those of rice rose 9.8 percent compared to the previous month, "reflecting trade disruptions in the aftermath of a ban on Indica white rice exports by India," AFP reported citing a monthly report of FAO.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"Uncertainty about the ban's duration and concerns over export restrictions caused supply-chain actors to hold on to stocks, re-negotiate contracts or stop making price offers, thereby limiting most trade to small volumes and previously concluded sales," AFP quoted the UN agency as saying.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to AFP, rice is a major world food staple and prices in the international markets have soared in the wake of the Covid pandemic, the war in Ukraine and the impact of the El Nino weather phenomenon on production levels.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">India announced in July a ban on exports of non-basmati white rice, which account for around a quarter of its total followed by a ban on parboiled rice</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The consumer affairs and food ministry said at the time that the move would "ensure adequate availability" and "allay the rise in prices in the domestic market".</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">India accounts for more than 40 percent of all global rice shipments.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The ban was expected to hit African nations, Turkey, Syria and Pakistan, all of which were already struggling with high inflation, data analytics firm Gro Intelligence warned in a note in July.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">World rice stocks are forecast to reach an all-time high of 198.1 million tonnes, with India and China holding nearly three quarter of this volume like in previous seasons, according to the FAO. This total represents around 38 percent of rice consumption forecast over the same period. But aggregate rice reserves held by the rest of the world are expected to end the year with a second successive contraction, it added.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">El Nino could also have a negative effect on the next harvests, added AFP.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the French news agency, the turmoil in the rice market comes as global food prices have been progressively easing from a peak last year after war broke out between major grain producers Russia and Ukraine.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The FAO's global food price index, which tracks monthly changes in international prices of a basket of food commodities, averaged 121.4 points in August, down 2.1 percent from July. The index was 24 percent below the summit it reached in March 2022.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Prices of cereal, meat, dairy and vegetable oils all fell in August.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Sugar prices, however, rose by 1.3 percent due to "heightened concerns over the impact of the El Nino phenomenon on sugarcane crops, along with below-average rains in August and persistent dry weather conditions in Thailand".</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">While global food prices eased in August, those of rice rose 9.8 percent compared to the previous month, "reflecting trade disruptions in the aftermath of a ban on Indica white rice exports by India," AFP reported citing a monthly report of FAO.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"Uncertainty about the ban's duration and concerns over export restrictions caused supply-chain actors to hold on to stocks, re-negotiate contracts or stop making price offers, thereby limiting most trade to small volumes and previously concluded sales," AFP quoted the UN agency as saying.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to AFP, rice is a major world food staple and prices in the international markets have soared in the wake of the Covid pandemic, the war in Ukraine and the impact of the El Nino weather phenomenon on production levels.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">India announced in July a ban on exports of non-basmati white rice, which account for around a quarter of its total followed by a ban on parboiled rice</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The consumer affairs and food ministry said at the time that the move would "ensure adequate availability" and "allay the rise in prices in the domestic market".</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">India accounts for more than 40 percent of all global rice shipments.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The ban was expected to hit African nations, Turkey, Syria and Pakistan, all of which were already struggling with high inflation, data analytics firm Gro Intelligence warned in a note in July.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">World rice stocks are forecast to reach an all-time high of 198.1 million tonnes, with India and China holding nearly three quarter of this volume like in previous seasons, according to the FAO. This total represents around 38 percent of rice consumption forecast over the same period. But aggregate rice reserves held by the rest of the world are expected to end the year with a second successive contraction, it added.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">El Nino could also have a negative effect on the next harvests, added AFP.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the French news agency, the turmoil in the rice market comes as global food prices have been progressively easing from a peak last year after war broke out between major grain producers Russia and Ukraine.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The FAO's global food price index, which tracks monthly changes in international prices of a basket of food commodities, averaged 121.4 points in August, down 2.1 percent from July. The index was 24 percent below the summit it reached in March 2022.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Prices of cereal, meat, dairy and vegetable oils all fell in August.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Sugar prices, however, rose by 1.3 percent due to "heightened concerns over the impact of the El Nino phenomenon on sugarcane crops, along with below-average rains in August and persistent dry weather conditions in Thailand".</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">While global food prices eased in August, those of rice rose 9.8 percent compared to the previous month, "reflecting trade disruptions in the aftermath of a ban on Indica white rice exports by India," AFP reported citing a monthly report of FAO.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"Uncertainty about the ban's duration and concerns over export restrictions caused supply-chain actors to hold on to stocks, re-negotiate contracts or stop making price offers, thereby limiting most trade to small volumes and previously concluded sales," AFP quoted the UN agency as saying.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to AFP, rice is a major world food staple and prices in the international markets have soared in the wake of the Covid pandemic, the war in Ukraine and the impact of the El Nino weather phenomenon on production levels.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">India announced in July a ban on exports of non-basmati white rice, which account for around a quarter of its total followed by a ban on parboiled rice</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The consumer affairs and food ministry said at the time that the move would "ensure adequate availability" and "allay the rise in prices in the domestic market".</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">India accounts for more than 40 percent of all global rice shipments.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The ban was expected to hit African nations, Turkey, Syria and Pakistan, all of which were already struggling with high inflation, data analytics firm Gro Intelligence warned in a note in July.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">World rice stocks are forecast to reach an all-time high of 198.1 million tonnes, with India and China holding nearly three quarter of this volume like in previous seasons, according to the FAO. This total represents around 38 percent of rice consumption forecast over the same period. But aggregate rice reserves held by the rest of the world are expected to end the year with a second successive contraction, it added.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">El Nino could also have a negative effect on the next harvests, added AFP.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the French news agency, the turmoil in the rice market comes as global food prices have been progressively easing from a peak last year after war broke out between major grain producers Russia and Ukraine.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The FAO's global food price index, which tracks monthly changes in international prices of a basket of food commodities, averaged 121.4 points in August, down 2.1 percent from July. The index was 24 percent below the summit it reached in March 2022.</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">While global food prices eased in August, those of rice rose 9.8 percent compared to the previous month, "reflecting trade disruptions in the aftermath of a ban on Indica white rice exports by India," AFP reported citing a monthly report of FAO.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"Uncertainty about the ban's duration and concerns over export restrictions caused supply-chain actors to hold on to stocks, re-negotiate contracts or stop making price offers, thereby limiting most trade to small volumes and previously concluded sales," AFP quoted the UN agency as saying.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to AFP, rice is a major world food staple and prices in the international markets have soared in the wake of the Covid pandemic, the war in Ukraine and the impact of the El Nino weather phenomenon on production levels.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">India announced in July a ban on exports of non-basmati white rice, which account for around a quarter of its total followed by a ban on parboiled rice</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The consumer affairs and food ministry said at the time that the move would "ensure adequate availability" and "allay the rise in prices in the domestic market".</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">India accounts for more than 40 percent of all global rice shipments.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The ban was expected to hit African nations, Turkey, Syria and Pakistan, all of which were already struggling with high inflation, data analytics firm Gro Intelligence warned in a note in July.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">World rice stocks are forecast to reach an all-time high of 198.1 million tonnes, with India and China holding nearly three quarter of this volume like in previous seasons, according to the FAO. This total represents around 38 percent of rice consumption forecast over the same period. But aggregate rice reserves held by the rest of the world are expected to end the year with a second successive contraction, it added.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">El Nino could also have a negative effect on the next harvests, added AFP.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the French news agency, the turmoil in the rice market comes as global food prices have been progressively easing from a peak last year after war broke out between major grain producers Russia and Ukraine.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The FAO's global food price index, which tracks monthly changes in international prices of a basket of food commodities, averaged 121.4 points in August, down 2.1 percent from July. The index was 24 percent below the summit it reached in March 2022.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Prices of cereal, meat, dairy and vegetable oils all fell in August.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Sugar prices, however, rose by 1.3 percent due to "heightened concerns over the impact of the El Nino phenomenon on sugarcane crops, along with below-average rains in August and persistent dry weather conditions in Thailand".</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">While global food prices eased in August, those of rice rose 9.8 percent compared to the previous month, "reflecting trade disruptions in the aftermath of a ban on Indica white rice exports by India," AFP reported citing a monthly report of FAO.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"Uncertainty about the ban's duration and concerns over export restrictions caused supply-chain actors to hold on to stocks, re-negotiate contracts or stop making price offers, thereby limiting most trade to small volumes and previously concluded sales," AFP quoted the UN agency as saying.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to AFP, rice is a major world food staple and prices in the international markets have soared in the wake of the Covid pandemic, the war in Ukraine and the impact of the El Nino weather phenomenon on production levels.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">India announced in July a ban on exports of non-basmati white rice, which account for around a quarter of its total followed by a ban on parboiled rice</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The consumer affairs and food ministry said at the time that the move would "ensure adequate availability" and "allay the rise in prices in the domestic market".</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">India accounts for more than 40 percent of all global rice shipments.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The ban was expected to hit African nations, Turkey, Syria and Pakistan, all of which were already struggling with high inflation, data analytics firm Gro Intelligence warned in a note in July.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">World rice stocks are forecast to reach an all-time high of 198.1 million tonnes, with India and China holding nearly three quarter of this volume like in previous seasons, according to the FAO. This total represents around 38 percent of rice consumption forecast over the same period. But aggregate rice reserves held by the rest of the world are expected to end the year with a second successive contraction, it added.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">El Nino could also have a negative effect on the next harvests, added AFP.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the French news agency, the turmoil in the rice market comes as global food prices have been progressively easing from a peak last year after war broke out between major grain producers Russia and Ukraine.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The FAO's global food price index, which tracks monthly changes in international prices of a basket of food commodities, averaged 121.4 points in August, down 2.1 percent from July. The index was 24 percent below the summit it reached in March 2022.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Prices of cereal, meat, dairy and vegetable oils all fell in August.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Sugar prices, however, rose by 1.3 percent due to "heightened concerns over the impact of the El Nino phenomenon on sugarcane crops, along with below-average rains in August and persistent dry weather conditions in Thailand".</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">While global food prices eased in August, those of rice rose 9.8 percent compared to the previous month, "reflecting trade disruptions in the aftermath of a ban on Indica white rice exports by India," AFP reported citing a monthly report of FAO.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"Uncertainty about the ban's duration and concerns over export restrictions caused supply-chain actors to hold on to stocks, re-negotiate contracts or stop making price offers, thereby limiting most trade to small volumes and previously concluded sales," AFP quoted the UN agency as saying.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to AFP, rice is a major world food staple and prices in the international markets have soared in the wake of the Covid pandemic, the war in Ukraine and the impact of the El Nino weather phenomenon on production levels.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">India announced in July a ban on exports of non-basmati white rice, which account for around a quarter of its total followed by a ban on parboiled rice</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The consumer affairs and food ministry said at the time that the move would "ensure adequate availability" and "allay the rise in prices in the domestic market".</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">India accounts for more than 40 percent of all global rice shipments.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The ban was expected to hit African nations, Turkey, Syria and Pakistan, all of which were already struggling with high inflation, data analytics firm Gro Intelligence warned in a note in July.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">World rice stocks are forecast to reach an all-time high of 198.1 million tonnes, with India and China holding nearly three quarter of this volume like in previous seasons, according to the FAO. This total represents around 38 percent of rice consumption forecast over the same period. But aggregate rice reserves held by the rest of the world are expected to end the year with a second successive contraction, it added.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">El Nino could also have a negative effect on the next harvests, added AFP.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the French news agency, the turmoil in the rice market comes as global food prices have been progressively easing from a peak last year after war broke out between major grain producers Russia and Ukraine.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The FAO's global food price index, which tracks monthly changes in international prices of a basket of food commodities, averaged 121.4 points in August, down 2.1 percent from July. The index was 24 percent below the summit it reached in March 2022.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Prices of cereal, meat, dairy and vegetable oils all fell in August.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Sugar prices, however, rose by 1.3 percent due to "heightened concerns over the impact of the El Nino phenomenon on sugarcane crops, along with below-average rains in August and persistent dry weather conditions in Thailand".</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">While global food prices eased in August, those of rice rose 9.8 percent compared to the previous month, "reflecting trade disruptions in the aftermath of a ban on Indica white rice exports by India," AFP reported citing a monthly report of FAO.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"Uncertainty about the ban's duration and concerns over export restrictions caused supply-chain actors to hold on to stocks, re-negotiate contracts or stop making price offers, thereby limiting most trade to small volumes and previously concluded sales," AFP quoted the UN agency as saying.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to AFP, rice is a major world food staple and prices in the international markets have soared in the wake of the Covid pandemic, the war in Ukraine and the impact of the El Nino weather phenomenon on production levels.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">India announced in July a ban on exports of non-basmati white rice, which account for around a quarter of its total followed by a ban on parboiled rice</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The consumer affairs and food ministry said at the time that the move would "ensure adequate availability" and "allay the rise in prices in the domestic market".</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">India accounts for more than 40 percent of all global rice shipments.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The ban was expected to hit African nations, Turkey, Syria and Pakistan, all of which were already struggling with high inflation, data analytics firm Gro Intelligence warned in a note in July.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">World rice stocks are forecast to reach an all-time high of 198.1 million tonnes, with India and China holding nearly three quarter of this volume like in previous seasons, according to the FAO. This total represents around 38 percent of rice consumption forecast over the same period. But aggregate rice reserves held by the rest of the world are expected to end the year with a second successive contraction, it added.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">El Nino could also have a negative effect on the next harvests, added AFP.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the French news agency, the turmoil in the rice market comes as global food prices have been progressively easing from a peak last year after war broke out between major grain producers Russia and Ukraine.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The FAO's global food price index, which tracks monthly changes in international prices of a basket of food commodities, averaged 121.4 points in August, down 2.1 percent from July. The index was 24 percent below the summit it reached in March 2022.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Prices of cereal, meat, dairy and vegetable oils all fell in August.</span></span></p>
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September 8: The price of rice globally reached a 15-year high in August after top exporter India banned some overseas sales of the grain, the Food and Agriculture Organization (FAO) said Friday.
While global food prices eased in August, those of rice rose 9.8 percent compared to the previous month, "reflecting trade disruptions in the aftermath of a ban on Indica white rice exports by India," AFP reported citing a monthly report of FAO.
"Uncertainty about the ban's duration and concerns over export restrictions caused supply-chain actors to hold on to stocks, re-negotiate contracts or stop making price offers, thereby limiting most trade to small volumes and previously concluded sales," AFP quoted the UN agency as saying.
According to AFP, rice is a major world food staple and prices in the international markets have soared in the wake of the Covid pandemic, the war in Ukraine and the impact of the El Nino weather phenomenon on production levels.
India announced in July a ban on exports of non-basmati white rice, which account for around a quarter of its total followed by a ban on parboiled rice
The consumer affairs and food ministry said at the time that the move would "ensure adequate availability" and "allay the rise in prices in the domestic market".
India accounts for more than 40 percent of all global rice shipments.
The ban was expected to hit African nations, Turkey, Syria and Pakistan, all of which were already struggling with high inflation, data analytics firm Gro Intelligence warned in a note in July.
World rice stocks are forecast to reach an all-time high of 198.1 million tonnes, with India and China holding nearly three quarter of this volume like in previous seasons, according to the FAO. This total represents around 38 percent of rice consumption forecast over the same period. But aggregate rice reserves held by the rest of the world are expected to end the year with a second successive contraction, it added.
El Nino could also have a negative effect on the next harvests, added AFP.
According to the French news agency, the turmoil in the rice market comes as global food prices have been progressively easing from a peak last year after war broke out between major grain producers Russia and Ukraine.
The FAO's global food price index, which tracks monthly changes in international prices of a basket of food commodities, averaged 121.4 points in August, down 2.1 percent from July. The index was 24 percent below the summit it reached in March 2022.
Prices of cereal, meat, dairy and vegetable oils all fell in August.
Sugar prices, however, rose by 1.3 percent due to "heightened concerns over the impact of the El Nino phenomenon on sugarcane crops, along with below-average rains in August and persistent dry weather conditions in Thailand".
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">While global food prices eased in August, those of rice rose 9.8 percent compared to the previous month, "reflecting trade disruptions in the aftermath of a ban on Indica white rice exports by India," AFP reported citing a monthly report of FAO.</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to AFP, rice is a major world food staple and prices in the international markets have soared in the wake of the Covid pandemic, the war in Ukraine and the impact of the El Nino weather phenomenon on production levels.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">India announced in July a ban on exports of non-basmati white rice, which account for around a quarter of its total followed by a ban on parboiled rice</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The consumer affairs and food ministry said at the time that the move would "ensure adequate availability" and "allay the rise in prices in the domestic market".</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">India accounts for more than 40 percent of all global rice shipments.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The ban was expected to hit African nations, Turkey, Syria and Pakistan, all of which were already struggling with high inflation, data analytics firm Gro Intelligence warned in a note in July.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">World rice stocks are forecast to reach an all-time high of 198.1 million tonnes, with India and China holding nearly three quarter of this volume like in previous seasons, according to the FAO. This total represents around 38 percent of rice consumption forecast over the same period. But aggregate rice reserves held by the rest of the world are expected to end the year with a second successive contraction, it added.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">El Nino could also have a negative effect on the next harvests, added AFP.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the French news agency, the turmoil in the rice market comes as global food prices have been progressively easing from a peak last year after war broke out between major grain producers Russia and Ukraine.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The FAO's global food price index, which tracks monthly changes in international prices of a basket of food commodities, averaged 121.4 points in August, down 2.1 percent from July. The index was 24 percent below the summit it reached in March 2022.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Prices of cereal, meat, dairy and vegetable oils all fell in August.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Sugar prices, however, rose by 1.3 percent due to "heightened concerns over the impact of the El Nino phenomenon on sugarcane crops, along with below-average rains in August and persistent dry weather conditions in Thailand".</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">While global food prices eased in August, those of rice rose 9.8 percent compared to the previous month, "reflecting trade disruptions in the aftermath of a ban on Indica white rice exports by India," AFP reported citing a monthly report of FAO.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"Uncertainty about the ban's duration and concerns over export restrictions caused supply-chain actors to hold on to stocks, re-negotiate contracts or stop making price offers, thereby limiting most trade to small volumes and previously concluded sales," AFP quoted the UN agency as saying.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to AFP, rice is a major world food staple and prices in the international markets have soared in the wake of the Covid pandemic, the war in Ukraine and the impact of the El Nino weather phenomenon on production levels.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">India announced in July a ban on exports of non-basmati white rice, which account for around a quarter of its total followed by a ban on parboiled rice</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The consumer affairs and food ministry said at the time that the move would "ensure adequate availability" and "allay the rise in prices in the domestic market".</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">India accounts for more than 40 percent of all global rice shipments.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The ban was expected to hit African nations, Turkey, Syria and Pakistan, all of which were already struggling with high inflation, data analytics firm Gro Intelligence warned in a note in July.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">World rice stocks are forecast to reach an all-time high of 198.1 million tonnes, with India and China holding nearly three quarter of this volume like in previous seasons, according to the FAO. This total represents around 38 percent of rice consumption forecast over the same period. But aggregate rice reserves held by the rest of the world are expected to end the year with a second successive contraction, it added.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">El Nino could also have a negative effect on the next harvests, added AFP.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the French news agency, the turmoil in the rice market comes as global food prices have been progressively easing from a peak last year after war broke out between major grain producers Russia and Ukraine.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The FAO's global food price index, which tracks monthly changes in international prices of a basket of food commodities, averaged 121.4 points in August, down 2.1 percent from July. The index was 24 percent below the summit it reached in March 2022.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Prices of cereal, meat, dairy and vegetable oils all fell in August.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Sugar prices, however, rose by 1.3 percent due to "heightened concerns over the impact of the El Nino phenomenon on sugarcane crops, along with below-average rains in August and persistent dry weather conditions in Thailand".</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">While global food prices eased in August, those of rice rose 9.8 percent compared to the previous month, "reflecting trade disruptions in the aftermath of a ban on Indica white rice exports by India," AFP reported citing a monthly report of FAO.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"Uncertainty about the ban's duration and concerns over export restrictions caused supply-chain actors to hold on to stocks, re-negotiate contracts or stop making price offers, thereby limiting most trade to small volumes and previously concluded sales," AFP quoted the UN agency as saying.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to AFP, rice is a major world food staple and prices in the international markets have soared in the wake of the Covid pandemic, the war in Ukraine and the impact of the El Nino weather phenomenon on production levels.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">India announced in July a ban on exports of non-basmati white rice, which account for around a quarter of its total followed by a ban on parboiled rice</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The consumer affairs and food ministry said at the time that the move would "ensure adequate availability" and "allay the rise in prices in the domestic market".</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">India accounts for more than 40 percent of all global rice shipments.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The ban was expected to hit African nations, Turkey, Syria and Pakistan, all of which were already struggling with high inflation, data analytics firm Gro Intelligence warned in a note in July.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">World rice stocks are forecast to reach an all-time high of 198.1 million tonnes, with India and China holding nearly three quarter of this volume like in previous seasons, according to the FAO. This total represents around 38 percent of rice consumption forecast over the same period. But aggregate rice reserves held by the rest of the world are expected to end the year with a second successive contraction, it added.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">El Nino could also have a negative effect on the next harvests, added AFP.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the French news agency, the turmoil in the rice market comes as global food prices have been progressively easing from a peak last year after war broke out between major grain producers Russia and Ukraine.</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Prices of cereal, meat, dairy and vegetable oils all fell in August.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Sugar prices, however, rose by 1.3 percent due to "heightened concerns over the impact of the El Nino phenomenon on sugarcane crops, along with below-average rains in August and persistent dry weather conditions in Thailand".</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">While global food prices eased in August, those of rice rose 9.8 percent compared to the previous month, "reflecting trade disruptions in the aftermath of a ban on Indica white rice exports by India," AFP reported citing a monthly report of FAO.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"Uncertainty about the ban's duration and concerns over export restrictions caused supply-chain actors to hold on to stocks, re-negotiate contracts or stop making price offers, thereby limiting most trade to small volumes and previously concluded sales," AFP quoted the UN agency as saying.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to AFP, rice is a major world food staple and prices in the international markets have soared in the wake of the Covid pandemic, the war in Ukraine and the impact of the El Nino weather phenomenon on production levels.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">India announced in July a ban on exports of non-basmati white rice, which account for around a quarter of its total followed by a ban on parboiled rice</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The consumer affairs and food ministry said at the time that the move would "ensure adequate availability" and "allay the rise in prices in the domestic market".</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">India accounts for more than 40 percent of all global rice shipments.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The ban was expected to hit African nations, Turkey, Syria and Pakistan, all of which were already struggling with high inflation, data analytics firm Gro Intelligence warned in a note in July.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">World rice stocks are forecast to reach an all-time high of 198.1 million tonnes, with India and China holding nearly three quarter of this volume like in previous seasons, according to the FAO. This total represents around 38 percent of rice consumption forecast over the same period. But aggregate rice reserves held by the rest of the world are expected to end the year with a second successive contraction, it added.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">El Nino could also have a negative effect on the next harvests, added AFP.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the French news agency, the turmoil in the rice market comes as global food prices have been progressively easing from a peak last year after war broke out between major grain producers Russia and Ukraine.</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">India accounts for more than 40 percent of all global rice shipments.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The ban was expected to hit African nations, Turkey, Syria and Pakistan, all of which were already struggling with high inflation, data analytics firm Gro Intelligence warned in a note in July.</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">El Nino could also have a negative effect on the next harvests, added AFP.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the French news agency, the turmoil in the rice market comes as global food prices have been progressively easing from a peak last year after war broke out between major grain producers Russia and Ukraine.</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Prices of cereal, meat, dairy and vegetable oils all fell in August.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Sugar prices, however, rose by 1.3 percent due to "heightened concerns over the impact of the El Nino phenomenon on sugarcane crops, along with below-average rains in August and persistent dry weather conditions in Thailand".</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to AFP, rice is a major world food staple and prices in the international markets have soared in the wake of the Covid pandemic, the war in Ukraine and the impact of the El Nino weather phenomenon on production levels.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">India announced in July a ban on exports of non-basmati white rice, which account for around a quarter of its total followed by a ban on parboiled rice</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">India accounts for more than 40 percent of all global rice shipments.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The ban was expected to hit African nations, Turkey, Syria and Pakistan, all of which were already struggling with high inflation, data analytics firm Gro Intelligence warned in a note in July.</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">El Nino could also have a negative effect on the next harvests, added AFP.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the French news agency, the turmoil in the rice market comes as global food prices have been progressively easing from a peak last year after war broke out between major grain producers Russia and Ukraine.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The FAO's global food price index, which tracks monthly changes in international prices of a basket of food commodities, averaged 121.4 points in August, down 2.1 percent from July. The index was 24 percent below the summit it reached in March 2022.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Prices of cereal, meat, dairy and vegetable oils all fell in August.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Sugar prices, however, rose by 1.3 percent due to "heightened concerns over the impact of the El Nino phenomenon on sugarcane crops, along with below-average rains in August and persistent dry weather conditions in Thailand".</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">While global food prices eased in August, those of rice rose 9.8 percent compared to the previous month, "reflecting trade disruptions in the aftermath of a ban on Indica white rice exports by India," AFP reported citing a monthly report of FAO.</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">El Nino could also have a negative effect on the next harvests, added AFP.</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">While global food prices eased in August, those of rice rose 9.8 percent compared to the previous month, "reflecting trade disruptions in the aftermath of a ban on Indica white rice exports by India," AFP reported citing a monthly report of FAO.</span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to AFP, rice is a major world food staple and prices in the international markets have soared in the wake of the Covid pandemic, the war in Ukraine and the impact of the El Nino weather phenomenon on production levels.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">India announced in July a ban on exports of non-basmati white rice, which account for around a quarter of its total followed by a ban on parboiled rice</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The consumer affairs and food ministry said at the time that the move would "ensure adequate availability" and "allay the rise in prices in the domestic market".</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">India accounts for more than 40 percent of all global rice shipments.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The ban was expected to hit African nations, Turkey, Syria and Pakistan, all of which were already struggling with high inflation, data analytics firm Gro Intelligence warned in a note in July.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">World rice stocks are forecast to reach an all-time high of 198.1 million tonnes, with India and China holding nearly three quarter of this volume like in previous seasons, according to the FAO. This total represents around 38 percent of rice consumption forecast over the same period. But aggregate rice reserves held by the rest of the world are expected to end the year with a second successive contraction, it added.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">El Nino could also have a negative effect on the next harvests, added AFP.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the French news agency, the turmoil in the rice market comes as global food prices have been progressively easing from a peak last year after war broke out between major grain producers Russia and Ukraine.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The FAO's global food price index, which tracks monthly changes in international prices of a basket of food commodities, averaged 121.4 points in August, down 2.1 percent from July. The index was 24 percent below the summit it reached in March 2022.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Prices of cereal, meat, dairy and vegetable oils all fell in August.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Sugar prices, however, rose by 1.3 percent due to "heightened concerns over the impact of the El Nino phenomenon on sugarcane crops, along with below-average rains in August and persistent dry weather conditions in Thailand".</span></span></p>
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