Dry soil to curb Asia’s early 2024 rice output

Tight supply: A farmer inspecting a paddy field. Much of the world’s rice shipments come from Asia where prices in key export hubs have risen around 30% to 40% in 2023. — Bloomberg

SINGAPORE: Asian off-season rice production is poised to take a hit as dry planting conditions, shrinking reservoirs and forecasts for continued El Nino weather are set to reduce early 2024 yields, further tightening supplies and spurring food inflation.

India, the world’s biggest rice exporter and No. 2 supplier Thailand are expected to see production from their off-season crops decline in the first quarter, while Indonesia, a leading importer, is still reeling from drought as farmers plant their crops, traders and analysts said.

Get 30% off with our ads free Premium Plan

Monthly Plan


Annual Plan


Billed as RM103.60/year

1 month

Free Trial

For new subscribers only

Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!


Next In Business News

Guangxi looks to improve business climate for growth
Dnex secures software and maintenance contract from IRB
Maxis FY23 service revenue hits five-year high
Ekovest sells land for RM66.8mil
Sunway on track for strong showing in 2024
SDP FY23 earnings ease to RM1.86bil
PwC assurance partner Nurul A’in is new chair of 30% Club Malaysia
Cainiao, JD, SF among China logistics firms on global march
Axiata posts revenue of RM22bil for FY23
Duopharma sees satisfactory results this year

Others Also Read