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%.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- 2017: three major drivers of M&A strategy
- Comment: Premier has more to ponder than Brexit
- The food market in 2017 - consumer trends and M&A
- just-food 2017 Survey - your thoughts on growth
- Food market in 2017: need-to-know US trends
- Premier Foods issues profit warning
- Nestle mum on Mead Johnson takeover talk
- UK's Bakkavor plays down IPO "speculation"
- Mondelez sells Vegemite to Bega
- Kellogg to slash 250 jobs