Rice production has been hampered by a lack of rain; prices may rise in the days ahead
Updated: 19 Aug 2022, 11:17 AM IST
TL;DR.Globally, ten countries account for nearly 85% of global rice production, with China and India leading the way. China has already witnessed a decline in rice yield due to pest issues. Rice prices have shot up due to the rise in demand from Bangladesh, Iran, Iraq, and Saudi Arabia.
Lower output has raised concerns about a possible rise in the price of rice. This came at a time when wheat production in the country was down.