Will Asian rice increase the price?There are signs of multiple countries

[Global Times Special reporter in Singapore Xin Bin] According to the Hong Kong "South China Morning Post" reported on the 10th, factors such as rising fertilizer prices are threatening the output of rice in some parts of Asia, which constitutes a potential risk of global food security and containment of inflation. China, the world's largest rice output and consumption, warned that the incidence of rice pests and pests this year will rise.

Bloomberg said on the 10th that most of the rice in the world was planted and consumed in Asia. Compared with the rise of wheat and corn after the conflict between Russia and Ukraine, rice prices have been in a state of downturn, but whether it continues to continue. After the outbreak of the financial crisis in 2008, the price of rice soared to more than $ 1,000 per ton, which was more than twice that of the current market price.

Rice mature map source Visual China

According to the website of the Ministry of Agricultural and Rural Ministry of Agriculture and Rural, on June 28, the Ministry of Agriculture and Rural Ministry held a connection meeting of early rice diseases and insect prevention and control. According to statistics, Jiangxi, Hunan, Guangdong, and Guangxi provinces with early rice diseases and insect pests have an area of ​​142 million acres, an increase of nearly 10%year -on -year.

Bloomberg said that agricultural production obviously eventually depends on the weather, and the weather is becoming more and more unstable globally. Due to the improvement of supply prospects, the prices of corn, wheat, and edible oil have fallen back to the level before the Russian and Ukraine conflict. Some analysts said that if the price of wheat and corn soared again, it will inevitably re -stimulate the demand for rice and livestock feed.

In addition, the cost of high chemical fertilizers also affects rice production. The Philippines expects that the rice harvest will decline this year due to the rise in chemical fertilizers. According to the Thailand Thailand Farmers Research Center, after the outbreak of the Russian -Ukraine conflict, the price of fertilizers set a record, which is a turning point for Thai farmers. When the demand for overseas increase, reducing fertilization will lead to decline in yield.

Vietnam News Agency reported that Vietnam's exports of rice in many markets have increased sharply, and the export of Africa alone has increased by more than 76%over the previous year. In addition to maintaining orders for traditional markets, Vietnamese companies have promoted rice exports to high -end markets in the United States, Germany, Sweden, Belgium, Poland and other countries at the same time.

As of the beginning of last month, India's crushing rate of 5%was offer at $ 330 per ton. Compared with a month ago, it remained stable and the most competitive Asian rice was also the most competitive. Bloomberg said that India is exporting a large number of exports and is playing the role of an anchor. About 40%of the world's rice exports are from India. But India has restricted wheat exports, saying that its food security is threatened. The market is worried that rice may be the next crop that is included in the restriction of export list. Some experts and enterprises in the industry believe that in the face of the difficulty of the world wheat, global rice prices will also rise sharply.

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