Rice to get costlier by 10-20%

July 29, 2015 17:42

Global rice prices are likely to surge by 10 percent to 20 percent in the next few months as an El Nino weather pattern grips top producers in Asia, baking the region's croplands and whittling down stocks of the grain to multi-year lows. While higher prices of a key staple would be bad news for impoverished countries in Asia and Africa, lower output will help No.2 exporter Thailand offload its bulging stockpiles that have weighed on the rice market and pushed benchmark pricesdown to 7-1/2-year lows of $367.50 per tonne in June.

« Back to LIVE

TOP STORIES

Raj Bhavan employee files molestation case against Bengal guv

Senior police officials said they received a complaint and are looking into it.

Intense heat sweeps east, south; more heat wave days likely in May

Intense heat swept through east India and parts of the southern peninsular region on Thursday, testing power grids and prompting the Kerala government to order closure of educational institutions till May 6.

Cummins hails Bhuvi's last-ball heroics

Defending 12 in the final over, Bhuvneshwar trapped Rovman Powell in front of the wicket in the last ball to stop Rajasthan Royal's run chase at 200 for 7 and pull off a heist in the end.

'Game never done till it's done': Samson rues loss

Rajasthan Royals skipper Sanju Samson said that even while it seemed his side was cruising to victory he was not certain they would get over the line given the unpredictable nature of the league.

In Pictures - SRH seal dramatic win, edge past RR by 1 run

IMAGES from the IPL match between Sunrisers Hyderabad and Rajasthan Royals played in Hyderabad on Thursday