Rice prices have risen to their highest levels in nearly 15 years amid growing concerns about global supplies as dry weather threatens production in Thailand and India has imposed a ban on some exports. Thai rice jumped 5 percent to $648 a ton, the most expensive since October 2008, according to data from the Thai Rice Exporters Association. This brings the price increase to nearly 50 percent compared to last year. Rice is vital to the diets of billions of people in Asia and Africa, and higher prices could increase inflationary pressures and increase import bills for buyers.
Source (Al-Arabiya.net Website, Edited)
