Rice prices in Asia rise about 20% in May, marking the biggest monthly increase in nearly two decades, according to market reporting cited by Bloomberg and Free Malaysia Today. Multiple factors are driving the move, with traders and farmers pointing to heightened risks to production from both weather conditions and regional conflict. Both sources link the outlook to war-related disruptions that affect key farming inputs, including energy and fertilizer. Free Malaysia Today also highlights ongoing disruptions to fuel and fertilizer supplies tied to the near-closure of the Strait of Hormuz, which can raise logistics and input costs for agriculture. Together, the reporting says the combination of higher costs for fuel and fertilizer and uncertainty around weather are making farmers and markets expect potential pressure on supply. Bloomberg adds that prices could climb further if weather risks and war-driven surges in energy and fertilizer costs persist. No longer-term production estimates are provided in the excerpts, but the sources broadly agree that May’s spike reflects escalating cost and supply-risk concerns rather than a single event.
Asia rice prices jump 20% in May amid war and weather output risks
Rice prices in Asia rise about 20% in May, marking the biggest monthly increase in nearly two decades, according to market reporting cited by Bloomberg and Free Malaysia Today. Multiple factors are dr...
- Asian rice prices increase roughly 20% in May.
- The May rise is described as the biggest monthly jump in nearly two decades.
- War-related disruptions lift energy and fertilizer costs, raising production risk.
- Fuel and fertilizer supply disruptions are linked to the near-closure of the Strait of Hormuz.
- Weather risks are also cited as a threat to rice output and could support further price gains.
With fuel and fertiliser supplies still disrupted due to the near-closure of the Strait of Hormuz, farmers across Asia are bracing for costs to start weighing on rice production.
2 months agoAsian 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.
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