Lifestyle | Your Money

May 23, 2013

No Decrease in Rice Prices Soon

Consumers will have to wait until the price of basmati rice are experiencing a decline.

Tonne of rice in 1121 and Super Kernel currently sells for 1 600 USD. Importers have no choice but to pass these rising costs to consumers, supported Pritam Dabydoyal, Managing Director of P & P International, the Early Bird. It also noted that importers are now closely monitor the situation in the world. "Fortunately we have contracts with major suppliers in India and when prices are low, we can expect to have rice cheaper. This time, it was not until December to see if we can relieve consumers, "added interlocutor of Le Matinal.

According to the importer, depending on the climatic conditions. "We do not expect lower prices in the short term because the demand is too high and that exporting countries are unable to meet," he said. It was after more than two years that the price of rice is experiencing a rise of this magnitude.

 

Text by Le Matinal
 

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