Wednesday, 25 July 2007

Basmati price increase in the Gulf

For some time UAE importers of rice have been seeking retail price increases to reflect increases in wholesale prices.

The Ministry of Economy said it would not condone any substantial increases as it was an important part of most people's diet. According to importers, the price of Basmati rice from India and Pakistan was becoming prohibitive and as such importers were threatening to stop bringing in this most popular of all varieties of rice.

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