El Niño threat to rice supplies

Global stockpiles of rice, which are at close to record levels, are set to fall 5% as the
El Niño weather pattern brings hotter and drier weather to Asia
 

ASIA
COOLER
El Niño 
HOTTER 
PACIFIC OCEAN
AMERICAS

Cooler sea surface temperature causes drier conditions

 
GLOBAL RICE STOCKPILE
(millions of tonnes)


2024 FORECAST	170
2023 FORECAST	173
2022 		182
2021 RECORD HIGH 187
2020		182
2019		177
2018		164
2017		151
2016		143
2015		136
2014		129
2013		124
2012		113
2011		103
2010		98
2009		95

    
RICE PRICE (per tonne) 		
$700         
600
500
400
300
2010 2015 2020

Prices rise during El Niño events
Weak El Niño


Sources: Bloomberg, U.S. Dept. of Agriculture 
Picture: Debbie Molle (Unsplash)
© GRAPHIC NEWS