Nasdaq:  Compounding the anxiety stemming from erratic consumer buying has been concern that some governments may move to restrict the flow of food staples to ensure their own populations have enough while supply chains get disrupted by the pandemic.  Combined global production of rice and wheat – the most widely-traded food crops – is projected to be a record 1.26 billion tonnes this year, according United States Department of Agriculture data.  Global rice stocks are estimated to surpass 180 million tonnes for the first time this year.
But those inventories are not distributed evenly, with over 153 million tonnes in China and India alone. That means big rice buyers such as the Philippines, the top importer, and others in Asia and Africa could be vulnerable if crop movements are curtailed for long.