Why is the price of rice important?

The price of the rice is extremely important for multiple reasons, with the most important ones being:

- the number of people that use it as primary food source;

The rice is the primary food source for around half of the worlds population, with most of East Asia, South Asia, and Southeast Asia, using it as a primary food source. Considering the amount of people that use it on a daily basis as a basis for most of the meals, a reasonable and affordable price is crucial.

- the economic situation of the people that use it;

The regions in which the rice is used as primary food source vary in their economic standard, but the fact is that at least two thirds of the people using it daily are either poor, or can not afford another more expensive product as a primary food source. In order to avoid starvation of the people, the price has to be kept at a relatively low and affordable level.

answer; specialization of production;