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High Rice Prices Worldwide Likely to Continue Into 2024

WASHINGTON – Arnong Mungoei has farmed rice in Thailand’s Khon Kaen province for half a century.

Working land some 500 kilometers northeast of Bangkok never made her rich, but it provided a dependable livelihood.

But since February 2022 when Russia invaded Ukraine, global geopolitical tensions and weather conditions elsewhere have upended the rice markets and by 2023, worldwide rice prices had exploded.