Basmati: 13% More Expensive Next Week

"Early indications provided by suppliers, large Indian and Pakistani traders prefer to store their rice and Iran has already begun to buy several tons of rice," said Anand Ajodha, director of Funny Traders, which is one of the largest importers rice in the country.

"The rice Pusa and 1121, coming from New Delhi and the state of Punjab in India and Pakistan Super Kernel, are the most popular right now at the international level. It is for this reason that the price of basmati rice was revised upwards. These types of rice are known for their finesse. "

Mauritians consume large quantities of these varieties. If a bag of 5 kg of rice cost between Rs 300 and Rs 350, now the price range between Rs 350 and Rs 400 or more. "The price of basmati rice will rise further. Normally, the harvest is in November and December. In January, the price of rice and undergoes a decrease. But this time, the price has increased. Demand is increasing, "he has said. It was after more than two years that the price of rice will increase by this magnitude. This is an internal factor in India that drives up the price. "The Great Peninsula, a major producer of rice, must have a sufficient stock of rice for their own consumption," said Anand Ajodha.