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Uplifting News@lemmy.worldEnglish · 2 days ago

Rice prices plunge to 8-year low after record harvests

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Rice prices plunge to 8-year low after record harvests

cyrano@lemmy.dbzer0.com to

Uplifting News@lemmy.worldEnglish · 2 days ago

India and other countries have ended export restrictions, flooding the market with supply

archive: https://archive.is/BSqO8

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LifeInMultipleChoice@lemmy.dbzer0.com
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2 days ago
The article basically says Indonesia and the Philippines aren’t importing any rice so the demand is way down, bringing the prices back to what they were at before the prices jumped apparently.

Way down is apparently around the price in 2022/2023

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