Food supply fears revived as Asia’s rice crop shrivels
World rice production is expected to decline for the first time this year since 2010, as failing rains linked to an El Niño weather pattern cut crop yields in Asia’s rice bowl.
A heat wave is sweeping top rice exporter India, while the No.2 supplier Thailand is facing a second year of drought. Swathes of farmland in Vietnam, the third-biggest supplier, are also parched as irrigation fed by the Mekong river runs dry.
The three account for more than 60% of the global rice trade of about 43 million tons.
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