Recent data revealed that rice prices in international markets rose by 9.8 percent during the month of August, despite declines in the prices of a number of food commodities in international markets.
The Food and Agriculture Organization of the United Nations (FAO) monitored the sharp rises in rice prices on international markets, describing them as the largest in 15 years.
In July, India banned the export of non-basmati rice from its production in order to maintain domestic prices, which constitute 25 percent of India's total exports to outside markets.
Source (Al-Arabiya.net Website, Edited)
