Asia Rice Surges 20% in May as War and Weather Threaten Output

AI Summary

Asian rice prices surged 20% in May, marking the largest monthly increase in nearly 20 years. The price rally is driven by threats from war, adverse weather conditions, and rising fertilizer and energy costs that jeopardize production.

Asian rice prices posted their biggest monthly jump in nearly two decades in May, and could rally further as weather risks and war-driven surges in energy and fertilizer costs threaten production.