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| Thailand is encouraging farmers to switch to crops that require less water. |
Billions of people in Asia and Africa have been affected by soaring rice prices and the price of rice will continue to rise in the near term. This is the opinion of experts and international articles.
According to Thailand's Bangkok Post, rice contributes up to 60 percent of total calories for people in parts of Southeast Asia and Africa, a share that rises to 70 percent in countries like Bangladesh.
Joseph Glauber, a senior fellow at the International Food Policy Research Institute in Washington (USA), said that higher rice prices will contribute to food inflation, especially for households. poverty in the major rice consuming countries of Asia.
Professor of food security at Harvard University (USA) predicts that the price of rice may increase by 100 USD/ton within 6-12 months.
Most of the world's rice is grown and consumed in Asia, where farmers are struggling with heat and drought.
Thailand, the world's second-largest rice exporter, is encouraging farmers to switch to crops that require less water, while farmers in Indonesia's top rice-producing regions are growing maize and cabbage. to prevent drought.
Meanwhile, the biggest risk is whether El Nino and climate change will disrupt agricultural production and push up inflation, said Chua Hak Bin, senior economist at Maybank Investment Banking Group in Singapore. food is generally higher or not.
This could trigger more protectionist policies, including export controls, he said, which could exacerbate global food shortages and price pressures.
BUI THANH (According to VTV.vn)
