Tuesday, April 16, 2024 | 14:57 WIB

FAO: global rice price surging, impacting many countries

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Jakarta, IO – The Food and Agriculture Organization of the United Nations (FAO) stated that the global price of rice is currently increasing. This means that it is not unique to Indonesia.

According to its Rice Price update, FAO noted that the prices for all types of rice increased by 1.2 percent in January, the highest since 2008, per Kompas, Fri (23/2).

The is due to harvest disruption in many rice producing countries. Countries like Pakistan and Thailand are seeing an increase in the price of high-quality rice. Meanwhile, in the US, the price of rice at exporters continues to increase due to limited supplies ahead of the new crop season in February and March.

Read: Jokowi Inaugurates Makassar New Port, The Second Largest Seaport In The Country

President Joko “Jokowi” Widodo previously stated that the increase in rice price was not only occurring in Indonesia, but affecting all countries around the world due to a number of reasons.  One is climate change (specifically, prolonged extreme dry season called El Nino) which lead to crop failure and disrupting supply of rice in the market. (un)

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