A: Hey there! Did you get the latest news? 📰
B: Nope, what's up? 🤔
A: It seems that our rice prices are going up this year! 🚀
B: Rice prices rising? Really? I didn't know that! Why is it happening? 😮
A: Well, a group called the Rice Stable Supply Support Organization did a survey. They asked lots of people in the rice industry about their expectations. Turns out, they think the prices will be higher this year. 📊
B: I see... So, how high are we talking here? 🤔
A: The coincident index for rice prices is at 85, which is a jump of 8 points from last month! If people say they expect higher prices, the index goes up. 📈
B: Wow, that's quite a leap! Anything else I should know? 🤔
A: Yup! The leading index for the next three months is also up by 23 points to 69. That's a record since they started this survey in 2012! 📉
B: Whoa, that sounds serious! What could be causing these high expectations? 🤔
A: Well, agricultural cooperatives are increasing temporary payments to farmers for this year's crops. Some also mentioned concerns about the summer heat affecting new harvests and a shortage of water. 🌡️💧
B: Wow, that doesn't sound good... But hey, let's hope for the best! 👍 Maybe we can have some tasty, affordable rice sushi still? 🍣🍚
A: Fingers crossed! Let's enjoy our rice meals while we can! 🍛😉
B: Nope, what's up? 🤔
A: It seems that our rice prices are going up this year! 🚀
B: Rice prices rising? Really? I didn't know that! Why is it happening? 😮
A: Well, a group called the Rice Stable Supply Support Organization did a survey. They asked lots of people in the rice industry about their expectations. Turns out, they think the prices will be higher this year. 📊
B: I see... So, how high are we talking here? 🤔
A: The coincident index for rice prices is at 85, which is a jump of 8 points from last month! If people say they expect higher prices, the index goes up. 📈
B: Wow, that's quite a leap! Anything else I should know? 🤔
A: Yup! The leading index for the next three months is also up by 23 points to 69. That's a record since they started this survey in 2012! 📉
B: Whoa, that sounds serious! What could be causing these high expectations? 🤔
A: Well, agricultural cooperatives are increasing temporary payments to farmers for this year's crops. Some also mentioned concerns about the summer heat affecting new harvests and a shortage of water. 🌡️💧
B: Wow, that doesn't sound good... But hey, let's hope for the best! 👍 Maybe we can have some tasty, affordable rice sushi still? 🍣🍚
A: Fingers crossed! Let's enjoy our rice meals while we can! 🍛😉
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Summary
Rice prices are expected to rise this year, according to a survey by the Rice Stable Supply Support Organization. The coincident index for rice prices is at 85, a jump of 8 points from last month. This increase is due to agricultural cooperatives raising temporary payments to farmers and concerns