Price of Basmati Rice Rises 80% in Past Year

Basmati Rice Rises by 80% in the Past Year
Photo: Wikipedia Commons

Basmati Rice Rises by 80%

The price of Basmati Rice has soared in the past year because of a dramatic drop in the production and rising demand from other countries. The price has shot up by more than 80 per cent in the past year.

Pulsa basmati, a higher yielding variety has also shot up by around 65 per cent.

According to the Rice Association, prices have risen mostly because the 2012 Indian harvest was up to 40 per cent smaller than in 2011.

The Indian government has also introduced a minimum support price for non-Basmati Rice to encourage farmers to farm other varieties.

Makes you wonder if regular-grain rice will be next to rise dramatically. We will see.

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Comments

  1. Michael Patrick McCarty says

    I had not realized that rice had gone up so much. I just returned from the supermarket and see that the size of my packet of swiss cheese has gotten smaller again. Oh, and the price went up.

    I am starting to wonder when I may go in and find only one slice per packet. It would be ridiculously funny if it were not so sad. It’s time to store some food, that is for sure.

    Thanks for the info.

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