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Rice crisis in Thailand: grain losses could reach 9 million tons
agricultural products
Rice

Rice crisis in Thailand: grain losses could reach 9 million tons

Thailand warns of losing up to 9 million tons of rice harvest due to prolonged rainfall, leading to the biggest rice deficit in the past 20 years. The price of rice has risen to $17.5 per hundredweight, twice as high as in July 2020.

25 June 2023 25 June 2023

Thailand could lose up to nine million tons of rice this year. The reason was prolonged downpours, Khabar 24 reports. Analysts predict that this will lead to the largest shortage of rice in the last 20 years. The crisis can hit the Asia-Pacific region, the main consumer of the product, especially hard. The price of cereals has already skyrocketed to $17.5 per centner. This is 2 times more than it was in July 2020.

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