“Thai white rice 5% broken hit $648 per ton this week, the highest level since October 2008. Prices are up over 50% since the start of 2022…
The weekly change in rice prices is about a 13% surge, the largest since the index began in the summer of 2008.”
Analyst Comment: Higher rice prices mean shortages, hunger and increasing global unrest. As many developing nations are already facing intense negative public sentiment, this will fuel protests, riots and uprisings.