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Global rice shortage is set to be the biggest in 20 years

Published by Lee Ying Shan

Apr 19, 2023

Global rice production in 2023 faces its largest shortfall in 20 years, leading to decade-high rice prices. Fitch Solutions reveals the significant impact of this deficit, with strained supplies due to the Ukraine war and weather challenges in China and Pakistan, exacerbating the global rice crisis.

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