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Podcast: businessline's State of the Economy Podcast
Episode: How will El Niño affect rice prices?
Description: The global rice market has been grappling with a significant production deficit, set to be the largest since 2003. Various factors, including deficient rains in India and severe floods in Pakistan, have led to tight supplies and a tightening of the market.In this episode of the State of the Economy podcast, Charles Hart, an agri-business analyst at BMI and Fitch Solutions, explains that while there is no physical supply shortage, the deficit implies a slight tightening of the market due to a series of long-run surpluses. Rice prices have been on the rise, reaching levels not seen...