The Increase in Rice Prices and Its Impact on Global Supplies

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This chapter explains the reasons behind the increase in the price of rice, including export bans imposed by India and the impact of climate change on yields. It also compares the current situation to the previous rice crisis in 2007-2008.

Israel has expanded its ground offensive in Gaza as the country launches a new phase of its war to destroy Hamas, and seven tech companies are dominating global stocks. Plus, the FT’s Susannah Savage explains why the world is entering a rice crisis and what can be done to fix it.

Mentioned in this podcast:

‘Magnificent Seven’ tech stocks drive US equity domination to new highs

The return of the rice crisis

Rémy Cointreau drops to three-year low as US consumers shun cognac

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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