Rice Price in South Korea

Notable price events

• ⚑2007-08 global food price crisis — Drought in major exporting countries, combined with several governments restricting exports to protect domestic supply and growing demand for biofuel crops, pushed wheat, rice and corn to what were then record prices within about a year - triggering food riots in over 30 countries.
• ⚑India's rice export ban, July 2023 — On 20 July 2023 India, the world's largest rice exporter, banned exports of non-basmati white rice - about a quarter of its rice exports - to hold down domestic prices ahead of an El Niño year. The Thai 5% broken benchmark jumped to its highest in about 15 years, above $650 a tonne.