From surplus to strain: world rice supply threatened by Iran war, El Nino

Global rice supply is expected to fall this year as farmers across Asia reduce planted acreage due to fertiliser shortages and soaring fuel costs linked to the Iran war. An emerging El Nino is also expected to curb output of the world's most consumed staple, creating a potentially significant upside risk for food prices and inflation.

Analysis

Global rice supply is expected to fall this year as farmers across Asia reduce planted acreage due to fertiliser shortages and soaring fuel costs linked to the Iran war. An emerging El Nino is also expected to curb output of the world's most consumed staple, creating a potentially significant upside risk for food prices and inflation.