Import market for Oat in Philippines (6월, 2022)

Recent data from the United Nations Food and Agriculture Organization (FAO) reveals that world food prices, particularly rice, have experienced a significant increase over the past five months, reaching their highest level in the past year. This surge is largely attributed to the ongoing war between Russia and Ukraine, causing supply disruptions of wheat and oats, which may lead to rice becoming a more popular alternative in countries that do not typically consume it. The situation is further exacerbated by India's decision to ban the export of various commodities, including rice, to manage its own food security, potentially impacting Asian countries heavily dependent on rice as a staple food, such as Indonesia, East Timor, Laos, and Cambodia.