World Shortage of Rice

You may have noticed the newspaper and TV headlines about the world shortage of rice and the subsequent prices rises.

The Independent Bangladesh has a good article and you can read it here.

A combination of factors is making the shortage worse than it would normally be.

Firstly, Thailand farmers are holding back stocks waiting for the prices to go even higher.

Next, both India and China have banned exports (except to a few specific countries) so that their own population can have the crop.

Prices have recently soared in Pakistan by 60% and in Singapore by between 30% and 40%.

Some of the price rise has been caused by concern over low wheat crops that are expected in India and concerns over the next rice harvest in Vietnam.

Among the factors being blamed for the rice and wheat shortages is that there are less crops because land is being converted to produce biofuel for cars.

The South Wales Echo has picked up on the link between rising rice prices and the cost of a curry down your favourite curry house. Check out the full story here.

The Rice Association has pointed out that the price of basmati rice has recently doubled.

And the rice shortage and rise in curry prices has been picked up by Metro. You can see the full story here.

Will these price increases stop you and me from eating our favourite meals? I doubt it. You’ve got to keep all of this in perspective – you can still buy a 1kg (2.2 lb) bag of basmati rice for about half the cost of a pint of beer. A bargain.

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