A dry spell linked to El Niño is sweeping across Asia's Rice Belt, dealing another blow to farmers already grappling with steep fuel and fertilizer prices triggered by the war in Iran. The weather phenomenon has brought below-average rainfall to major producing regions including Thailand, Vietnam, and India, threatening yields for the current planting season.

Agricultural officials warn that the combination of drought and elevated input costs could reduce output by 5-10% compared to last year. Rice prices have already climbed 15% since January, raising food security concerns for import-dependent nations like the Philippines and Indonesia.

Governments are considering export restrictions and subsidies to stabilize domestic markets. The World Bank estimates that prolonged dry conditions could push an additional 20 million people into food insecurity across the region.

Farmers report delaying planting decisions due to uncertain weather forecasts and high production costs. Meanwhile, commodity traders are monitoring reservoir levels and monsoon progression for signs of relief.