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El Niño Pushes Asia Rice Prices to 2-Year High, Threatening Inflation

Bloomberg Markets Thursday 05 November 2026, 01:51 UTC By Pratik Parija and Megan Durisin 1 min read
Key Points

Commodities Asian Rice Price Climbs Near Two-Year High in Inflation Threat A benchmark Asian rice price climbed to the highest in almost two years, threatening to accelerate food inflation as the El Niño weather pattern disrupts production of the staple grain. Farmers across much of Asia are in the midst of harvesting the grain, and drier-than-usual weather has proven a hurdle for crops in growers like India, the world’s leading exporter. Global production is expected to decline this season...

Commodities Asian Rice Price Climbs Near Two-Year High in Inflation Threat A benchmark Asian rice price climbed to the highest in almost two years, threatening to accelerate food inflation as the El Niño weather pattern disrupts production of the staple grain. Farmers across much of Asia are in the midst of harvesting the grain, and drier-than-usual weather has proven a hurdle for crops in growers like India, the world’s leading exporter. Global production is expected to decline this season for the first time in over a decade, the US Department of Agriculture forecasts.
El Niño Pushes (ORG) Asian (ORG) El Niño (ORG) Asia (LOCATION) India (LOCATION) the US Department of Agriculture (ORG)
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