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Basmati Rice Prices Soar, Set To Remain High

Reuters: Wholesale prices for Basmati rice, grown in the foothills of the Himalayas, are set to remain high after doubling in the last 12 months with demand surging and production costs climbing, a major importer said on Wednesday. "Increasing global demand and shrinking supply, combined with soaring production and distribution costs are simultaneously conspiring to create a 'perfect storm' of high Basmati prices," R.S. Seshadri, Director at UK-based Tilda's operations in India, ... Read »
Created by sudha1234 Created 22 weeks 3 days ago – Made popular 22 weeks 3 days ago
Category: Environment

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