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Asian Rice Prices Surge Amid Supply Threats from Iran Conflict

16 April 2026

Rice Prices Surge: Rice prices have surged significantly, reaching their highest levels in over two years due to supply concerns.

Impact of Fuel and Fertilizer Costs: The increase in rice prices is attributed to rising costs of fuel and fertilizer, exacerbated by the ongoing conflict in Iran.

Thai Farmers' Response: Some Thai farmers are opting to leave their crops in the ground rather than harvest them, influenced by the economic pressures.

Broader Economic Implications: The situation highlights the interconnectedness of global agricultural markets and the impact of geopolitical events on food supply chains.

Source : intellectia

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