South Korea wants more rice to be consumed and is subsidizing rice for college students, the cohort least likely to eat breakfast, and is incentivizing food products made from rice flour. Rice production is dropping as population growth has stalled, but rice consumption is dropping even faster. South Korea’s population growth rate is 0.16 percent, but rice consumption is falling by 0.6 percent per year. Instead, wheat consumption is increasing by 0.5 percent per year. The share of rice in ending stocks has risen by 21 percent over the past decade.
The situation in broader East Asia is not too different. The population is increasing by 0.27 percent per year, and rice consumption is increasing by 0.46 percent. But...
Key Takeaways: Tensions in the Persian Gulf are further away than ever from being resolved, as the ceasefire has fallen apart completely and the U.S. and Iran are back to trading blows. Ships are still cautiously exiting the Strait of Hormuz but at a much slower rate than just a few week...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
Key Takeaways: Aquaculture is becoming increasingly important in meeting global seafood demand, gaining market share as wild-caught fisheries face production limitations. Superior feed conversion efficiency gives aquaculture a competitive advantage over traditional livestock production, with l...
