Lifestyle | Your Money

April 24, 2013

Consumption Basmati Rice: Prices Soared

Approximately 75-80% of the population consumes basmati rice in Mauritius. But in recent months, the price of this commodity are continuing to soar. A price spike has only just begun, prevent importers. At issue: a high demand but very little supply on the world market.

Household have probably noticed. Basmati rice is more expensive on the shelves lately. Yusuf Sambon, director of the hypermarket Lolo, also recorded an increase of 20% on this product. The bag of 20 kilos of rice, he said, rose from Rs 700 to Rs 900.

"In a space of three months, rice prices have increased the range of Rs 150 to Rs 200 per 20 kg bag," said the importer of rice Anand Ajoodha, also director of Funny Traders Co. Ltd.. "In six months, basmati rice has risen by 35% to 40% in the producing countries, including India and Pakistan. In the local market, prices have gradually increased. In some outlets, rice costs 20 to 25% more expensive, depending on brand, "adds Rajesh Ramdenee 'Managing Director' Tire Master Food Division, one of the largest importers of basmati rice in Mauritius.

An outbreak reflecting soaring basmati rice on the world market, which went from 1300 dollars to 1750 dollars per tonne. "The demand for basmati rice is very high, but the production is less. Prices continue to rise until the next harvest. Mauritians feel more the impact of this increase in the next few weeks, "revealed Anand Ajoodha. Information was also confirmed by Rajesh Ramdenee. "Prices continue to burn in effect because it was not until the harvest is not expected until October and November. So for any new purchase that will suppliers, it will provide an additional 15% increase in the local market, "he says.

The country, remember, annually imports about 40 000 to 50 000 tonnes of basmati rice. There are fifty brands on the market.

These other products whose prices have soared

  • The dry grains. For example, a bag of large peas now sells for Rs 26 in some supermarkets against Rs 17-18 there is still some time.
  • The canned tomatoes. This product costs Rs 17.95 (example of an Italian brand) against Rs 14.95 earlier.

When sea products are cheaper

Those who like to eat the "octopus" can buy cheaper. In the hypermarket Lolo, it takes Rs 82 per pound against Rs 105 per pound a few weeks ago. Another example is the fish "CATEAUX" is available at Rs 75 per pound against Rs 95 per pound before. The competition is fierce for something.

Consumption: The index climbed 1.9%

The index of consumer prices (CPI), which stood at 134.6 points in December, rose 1.9% to 137.1 points in March, Statistics Mauritius said in a report released this week. On a monthly basis, the CPI rose by 0.8% in January, 0.7% in February and 0.4% in March. Consecutive increases are attributed to an increase in prices of many food products, including meat (+2.2%), rice (3.5%), syrup and other juices (+22.6%), dry beans (11.3%), milk (+1.5%) and vegetables (4.8%). As the rate of inflation, the rate was 3.6% in March. For all of 2012, inflation stood at 3.9% against 6.5% in 2011.

 

 

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