Italian Arborio rice prices soar to record highs due to poor harvests from bad weather

The Italian rice harvest has been delayed by three weeks due to unfavorable rainy weather, pushing up rice prices to record highs. Over the past year, Arborio prices have surged by 48%, rising from Eur744 per metric ton on Oct. 13, 2023, to Eur1,450/mt on Oct. 11, 2024. Indica rice prices have increased by 12.8%, moving from Eur731/mt on Oct….The Italian rice harvest has been delayed by three weeks due to unfavorable rainy weather, pushing up rice prices to record highs. Over the past year, Arborio prices have surged by 48%, rising from Eur744 per metric ton on Oct. 13, 2023, to Eur1,450/mt on Oct. 11, 2024. Indica rice prices have increased by 12.8%, moving from Eur731/mt on Oct….Read More