# Analysts Warn Against Alarming Increase In Rice Prices

> Rough rice futures for July rose 0.6% to $16.34 per hundredweight on Monday as analysts warned rice could be the next grain hit by the global food crisis. The FAO Food Price Index showed rice prices rising for a fifth straight month to a 12-month high.

- Date: 2022-06-13 · published 2022-06-13T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/41013-analysts-warn-against-alarming-increase-in-rice-prices
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Export bans on wheat and palm oil are raising fears of protectionism spreading to rice, which could tighten supply. Analysts note global rice stocks remain high, so the upside is limited for now.

## Read by commodity

- RICE: bullish ▲

## Sources

- forbesmiddleeast.com: https://www.forbesmiddleeast.com/consumer/food-and-drink/analysts-worry-that-rice-can-be-next-in-the-current-global-food-crises

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