El Nino to reduce off-season rice production

Reuters

Dryness is expected to reduce off-season rice production in India, Thailand, and Indonesia due to El Nino weather forecasts. Asian rice prices have surged 30-40% in 2023, leading to increased imports by Indonesia and the Philippines. India and Thailand are likely to restrict exports due to lower surplus, while Indonesia and the Philippines are securing supplies. Soil moisture and reservoir levels are below normal, impacting winter crop yields.


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