Farmers in Asia reap rewards of soaring rice prices, while consumers struggle to afford staple crop

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Rice price to rise 30%, benefiting farmers, hurting
Indian and Malaysian consumers. Thai farmers
capitalize despite storage shortages. As prices for
rice go up, farmers like Durian Klombang are
happy to see an increase in their income.
However, the high prices imposed by the Indian
government have led to a halt in business, causing
losses for those in the industry and higher prices
for consumers in Malaysia. Farmers in Thailand
are trying to capitalize on the situation, but
storage shortages and hoarding by speculators
suggest a potentially negative long-term impact.
Despite this, Thai exports are up 10%, and farmers
are trying to squeeze in a third harvest before year-end.