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IPFS News Link • Food Shortages

Rice Nears 15-Year High As Global Food Crisis 'Much Worse Than 2008'

• Zero Hedge

Rice prices are on the verge of hitting new 15-year highs as the damage effects of the El Nino weather phenomenon across Asia have damaged farmlands, leading to dwindling supplies. 

Thai white rice 5% broken hit $640 per ton this week. These prices are back to levels not seen since October 2008. Prices are up over 50% since the start of 2022.