Thai rice prices have recorded their sharpest jump in over two years, as rising fuel and fertilizer costs tied to the Iran conflict squeeze farm economics. Even if tensions ease, experts expect higher input costs to linger, raising the risk of weaker rice output later. The ripple effect could tighten rice supplies across parts of Asia and lift food prices.
Asia’s rice prices are moving unevenly as India keeps export rates steady despite muted demand. Vietnamese rates edged higher on tighter supplies and rising production costs, while Thailand’s prices also inched up. In Bangladesh, rice remains costly for consumers even after a good harvest, highlighting how supply-side pressures are still feeding prices.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
India has banned rice exports after consecutive bumper harvests swelled government stocks to record highs. The move raises urgent questions for farmers and traders: how long can prices stay supported, and can exporters reshape supply chains to deliver consistent, higher-quality rice that earns better margins in new markets?
Swipe through stories, personalise your feed, and save articles for later — all on the app.
