“Rice prices in Asia jumped to the highest level in more than three years after top shipper India banned a hefty chunk of its exports, raising concerns about supplies of the food staple for people around the world.
Thai white rice 5% broken, an Asian benchmark, soared to $572 a ton, the most expensive level since April 2020, according to data from the Thai Rice Exporters Association. That’s a 7% increase from two weeks ago.”