Saudi Arabia: Basmati Prices Reach An All Time High

Basmati rice prices in Saudi Arabia have touched an all time high due to a decrease in supply from the previous harvest.

An increase in the price of commodities has forced the government to ban the export of pulses from Pakistan. In the case of rice, prices in the local market have risen 50 to 75 percent and the country may soon be importing rice for the first time in its history to meet domestic demand.