INDIA: Low rainfall drives up basmati rice prices
Basmati prices are rising daily as poor rainfall in key cultivation regions in India and Pakistan persists. Tilda, the company which sells 70% of all branded basmati rice, said the crop is down 25% on last year and is at a seven-year low, reported the Guardian. Tilda has not hiked retail prices for its pure basmati for eight years, but is now raising prices by about 10%.
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