Rice prices are on the rise amid rising food inflation and export bans (Tech News Insight) 

Tech News Insight published an article stating that food prices have been on the rise in the past few months. And industry watchers said rice, a staple food in much of Asia, maybe next. Prices of many foods have risen, from wheat and other grains to meat and oils. This was driven by a number of factors, including the high cost of fertilizer and energy in the past year as well as the Russo-Ukrainian war. Food export bans or serious disruptions included those from India (wheat), Ukraine (wheat, oats, sugar, etc.), and Indonesia (palm oil). Rice could be next in line. There is a risk that we will see more protectionism from countries. However, she emphasized that the risks to rice remain low as global rice stocks are abundant and crops in India are expected to be good this summer. Senior research fellow David Laborde told CNBC, “Right now, I would be more concerned about India imposing a ban on rice exports in the coming weeks — as they were thinking after wheat and sugar.” (See tool, Food & Fertilizer Export Restrictions Tracker).  Republished in Liberty Times Network (China).