Updated on
Summary
Rice price is on the rise in the world markets as floods in Thailand and Pakistan washed away rice crops. Rice price in Chicago rose to 50 cents in a single day. Hundred pounds rice price for March delivery rises by 3.7 percent to reach 13.88 dollars. Thailand supply of rice is expected to decrease by 5.3 percent. Rice price has recorded 43 percent hike due to floods in Pakistan and Thailand.
