One Grain Is Keeping the World’s Food Crisis From Getting Worse
(Bloomberg) — As skyrocketing crop prices fuel fears about soaring food costs and hunger around the globe, one of the world’s most consumed staples is bucking the trend and warding off a broader food crisis at least for now.
Rice is the predominant source of nourishment each day for more than 3 billion people, and yet it hasn’t rallied anything like other agricultural commodities from corn to soy and meat. While prices are above levels a year earlier, they’ve declined in recent months in some of the top exporters including Vietnam, Thailand and India on improved supplies from new harvests.