Asia could face a rice crisis, impacting two billion people
Asia could face a rice crisis.
Between record fertilizer prices and supply disruptions, the cost of farming is soaring. Four years of plentiful harvest kept rice at a reasonable price, but now natural gas, which is essential for rice production, is trading at historic highs.
The UN Food Agency predicts an uptick in rice prices because of it.
Indonesia’s president warns that the crisis could impact two billion people, but analysts say that China and India will miss the worst effects.