Global Rice Prices Are Surging

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Global rice prices surged close to 12-year highs, and could rise even more, according to the United Nations’ food agency.

The Food and Agriculture Organization All Rice Price Index for July rose by 2.8% to 129.7 points.

The figure is up 19.7% compared to a year ago, and the highest nominal value since September 2011, data from FAO showed. The sharpest increases in price came from Thailand.

Learn more about what's happening in the world of rice.