# Global rice shortage is set to be the biggest in 20 years

> Fitch Solutions forecasts 2023 will log the largest global rice shortfall in two decades, with rice prices at decade highs. The deficit is attributed to the Ukraine war and weather problems in China and Pakistan, and prices are expected to stay elevated until 2024.

- Date: 2023-04-19 · published 2023-04-19T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/36316-global-rice-shortage-is-set-to-be-the-biggest-in-20-years
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A structural rice deficit with decade-high prices supports rough rice values and raises costs for importers, while tightening supply may push buyers toward substitute feed grains.

## Read by commodity

- CORN: neutral
- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2023-08-10 | [Global rice prices soar close to 12-year highs, according to UN FAO](https://feedsoft.ai/events/34649-global-rice-prices-soar-close-to-12-year-highs-according-to-un-fao.md) | -3.2% | +1.2% |
| RICE | 2024-01-05 | [Global food prices fell in 2023 compared to 2022, except for sugar and rice \| PBS News](https://feedsoft.ai/events/6743-global-food-prices-fell-in-2023-compared-to-2022-except-for-sugar-and-rice-pbs.md) | +1.4% | +8.9% |
| RICE | 2026-09-22 | [Have You Seen The Surge In US Rough Rice Futures](https://feedsoft.ai/events/17537-have-you-seen-the-surge-in-us-rough-rice-futures.md) | +2.6% | +6.7% |
| RICE | 2025-04-30 | [Growing Demand for Broken Rice for Feed and Food: The Implications for Global Trade \| Economic Research Service](https://feedsoft.ai/events/25195-growing-demand-for-broken-rice-for-feed-and-food-the-implications-for-global.md) | +1.0% | +8.2% |
| RICE | 2023-02-27 | [Rice exporters  to gain from tight supplies, lower costs \| The Star](https://feedsoft.ai/events/37409-rice-exporters-to-gain-from-tight-supplies-lower-costs-the-star.md) | +1.2% | +6.4% |
| CORN | 2024-01-05 | [Global food prices fell in 2023 compared to 2022, except for sugar and rice \| PBS News](https://feedsoft.ai/events/6743-global-food-prices-fell-in-2023-compared-to-2022-except-for-sugar-and-rice-pbs.md) | -1.5% | -2.4% |
| CORN | 2025-11-26 | [Global Ag News For Nov 26.2025 - ADM Investor Services](https://feedsoft.ai/events/21925-global-ag-news-for-nov-26-2025-adm-investor-services.md) | +1.3% | +3.2% |
| CORN | 2021-03-22 | [Why these USDA reports could lead to big grain price swings](https://feedsoft.ai/events/48143-why-these-usda-reports-could-lead-to-big-grain-price-swings.md) | +10.7% | +12.5% |

## Sources

- cnbc.com: https://www.cnbc.com/2023/04/19/global-rice-shortage-is-set-to-be-the-largest-in-20-years-heres-why.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.