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This wasn’t supposed to happen. For months, I have been writing article after article about the rapidly growing global food crisis, but even though drought is devastating so many other crops all over the planet I thought that there would be plenty of rice in 2023. Unfortunately, I was wrong. As you will see below, some of the biggest rice producers in the entire world are being hit really hard, and rice production is going to be way below expectations this year. Of course rice is one of the primary staples that poor nations depend upon, and so this is a really big deal. If there is a serious shortage of rice in 2023, that is going to have enormous implications for all of us.An announcement that India just made should be front page news all over the globe right now.India usually accounts for over 40 percent of all worldwide rice shipments, but now they have placed severe restrictions on all future exports this year…India banned exports of broken rice and imposed a 20% duty on exports of various grades of rice on Thursday as the world’s biggest exporter of the grain tries to augment supplies and calm local prices after below-average monsoon rainfall curtailed planting.India exports rice to more than 150 countries, and any reduction in its shipments would increase upward pressure on food prices, which are already rising because of drought, heat-waves and Russia’s invasion of Ukraine.Did you catch that last sentence?
