Now Reading: Global rice output to fall 9 million tonnes by 2026-27: report
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Global rice output to fall 9 million tonnes by 2026-27: report
The Hindu Business Line reports that IREF has signed a pact with S&P Global Energy to study El Nino's impact on global rice markets. The study projects global rice production will drop…
The Story in Brief
The Hindu Business Line reports that IREF has signed a pact with S&P Global Energy to study El Nino's impact on global rice markets. The study projects global rice production will drop by 9 million tonnes in the 2026-27 marketing year. Three factors are driving the decline: El Nino weather patterns, rising input costs, and geopolitical tensions. The study aims to help policymakers and traders prepare for supply disruptions.
The Indian Opinion
The official narrative blames El Nino alone, but input costs and geopolitical tensions weigh just as heavily. Indian readers should watch whether our own buffer stocks get depleted faster than the government admits. The real test: will Thailand and Vietnam hold prices steady or raise them again by June?
Source: thehindubusinessline.com
This story was synthesised by AI from the source linked above.
