Rice prices 'to keep on rising'
 

Rice prices are set to keep rising as demand for the staple is outstripping production, the International Rice Research Institute (IRRI) has said.

The Philippines-based body said in its Rice Today publication that more research was needed in how to increase rice productivity.
The price of rice has risen by as much as 70% during the past year, with increases accelerating in recent weeks.
Several rice-producing countries have put curbs on exports in recent weeks.

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'Research needed'

"Longer term demand-supply imbalance is clearly indicated by depletion of stock that has been going on for several years," said Sushil Pandey, agricultural economist at the IRRI.

"We have been consuming more than what we have been producing and research to increase rice productivity is needed to address this imbalance."
The institute said several factors were behind the rise in rice prices.
Land for producing rice and irrigation water is being lost to industrialisation and urbanisation.
The growing appetite among Asia's burgeoning urban middle class, especially in India and China, for meat and dairy products is also leading to less land for rice production.
Factors such as the flooding in Indonesia and Bangladesh and recent cold weather in Vietnam and China have also hurt production, it said.
Export restrictions are in place in major rice producing countries such as India, China, Vietnam and Egypt
Rice is the staple food for about three billion people worldwide.
The prices of soybeans, corn and wheat are also near historic highs.


....link

Re: Rice prices 'to keep on rising'
 

I wonder what this will do to the price of Sushi?

Re: Rice prices 'to keep on rising'
 

Given that your sushi rice was grown in Arkansas or California, you'll barely notice the increase--especially since the rising cost of saltwater fish--from stock depletion--will overshadow it.

Re: Rice prices 'to keep on rising'
 

I bought a 25lb bag of rice at Costco yesterday, it was $16.00. A 25lb bag of washed pinto beans was $14.00. Guess I need to find someplace that sells them in larger quantities.

Re: Rice prices 'to keep on rising'
 

get as much as you can ....... and save me a few pounds, I will trade you for some silver.:bull-buddy-icon:


T

Re: Rice prices 'to keep on rising'
 

$16 for a 25 pound bag of rice from COSTCO? That is NOT cheap at all. Two weeks ago I bought the calrose 50 pounds bags for $15 each. But there is no more any more. So it's not merely a matter of price, it's a matter of availability.

Rough rice on commodity market now trades at $220 per ton. So I guess a fair retail price should be below twice of that, 0.44 per pound, or $11 for a 25 pounds bag.

Re: Rice prices 'to keep on rising'
 

Wow......... this is really getting bad much faster than most of us anticipated

Good going with the quick breakdown


T

Re: Rice prices 'to keep on rising'
 

Get the old stock before the new comes in and is marked up. 5 days ago, Monday, I bought two 25 lb bags of rice at Costco for about $8 per bag.

Re: Rice prices 'to keep on rising'
 

$220 per 2,000 lb ton is $0.11 per pound. Three times that wlould be $8.25 per 25 lb bag.

Re: Rice prices 'to keep on rising'
 

My bad. I guess the rough rice price is $22 per 100 pounds on the commodity market. Thailand jasmine rice was traded as high as $760 per ton two weeks ago.

Re: Rice prices 'to keep on rising'
 

I bought a few 20 pound pags of Jasmine rice, which is my favorite, for 11 dollars each at walmart the other day. Bases on this info, I think it would be wise to buy a few more. I am looking onto long term storage, probably 5 gallon buckets with mylar liners and oxygen absorbers.

We will feel like fools in a couple years for not buying at this price. I would rather spend my 20 dollar bills on 40 pounds of rice at this point than a SAE.

I think it is a much wiser investment, although I still am actively accumulating silver, I want to get my food preps, survival gear, guns and ammo, gardening supplies, ect. pretty much in order before I buy any more silver.

It will give me a tremendous sense of security knowing I have food, supplies to set up shelter if mine is unnhabitable, and enough guns/ammo to protect myself in times of need - as opposed to a pile of silver that may or may not be beneficial to me in times of need.

Re: Rice prices 'to keep on rising'
 

+1

As much as I love silver .......... YOU CAN EAT IT OR SHOOT IT .


T

Re: Rice prices 'to keep on rising'
 

I made a mistake on my rice bag. It isn't a 25 lb bag, it's only 20 lbs! I don't know about all of the different types, but this stuff is called "Basmatti". That is the type of rice. DAAWAT is the brand name of the rice, product of India. I guess maybe that explains the high price?

Re: Rice prices 'to keep on rising'
 

you CAN shoot it? Are you expecting to be attacked by warewolves? Or maybe you're riding with the Lone Ranger? :D

Re: Rice prices 'to keep on rising'
 

Basmati costs a lot. Personally, I think Jasmine is the best. I just made a good amount of rice in my new rice cooker.

Cooked the rice. Added 1 can black beans, 2 cans okra & tomato mix, some curry blend spices, 1 can coconut milk and let it simmer for 15 mins.

This is easy to make, tastes great, and has a lot of fiber and nutrients, protien, carbs.

I am vegetarian so stuff like this is a staple in my diet. I just hope we have electricity when tshtf (well it already is) or i will be doing this over a nice fire instead of a rice cooker.....

Re: Rice prices 'to keep on rising'
 

Oh Lordy, You KNOW WHAT I MEANT DAMMIT!!


Stop busting my chops!!

:s9:

T

Re: Rice prices 'to keep on rising'
 

8Lb Bag of Basmatti Rice was $5.99 Cdn on Wednesday, I went to pick up another bag and today it's $6:99 Personally I love Basmatti rice and from all I have read it keeps better and longer than JAsmine

Re: Rice prices 'to keep on rising'
 

I like Jasmine rice, particularly if it has a good fragrance as that usually translates into taste. I'm not a vegetarian and love to eat it with butter chicken (free-range chicken breasts at least), with Pataks sauce straight out of the jar.. yum!

I must disagree though if we're talking hulled or white rice, there is very little fibre at all, most of white rice is carbohydrates, some protein, sugars with some trace elements, but most of rice nutrient is in the bran.

Re: Rice prices 'to keep on rising'
 

Is Basmati rice supposed to have a strong smell like hay or burlap? I got Royal Basmati rice from Sam's Club and the stuff smells like a barn. I'm not sure if it absorbed the odor of the burlap bag or if its supposed to smell like that.

Re: Rice prices 'to keep on rising'
 

To me Basmati doesn't have much of an odour normally. I'd say it absorbed the burlap odour. I buy my rice in plastic bags initially.

Re: Rice prices 'to keep on rising'
 

I don't know. Never tasted the Basmati rice. To me it smells pretty bad and I could not understand why any one would eat this kind of rice.

http://content.costco.com/Images/Con...ct/132666b.jpg http://content.costco.com/Images/Con...ct/132666b.jpg

The package says Premium Aged Rice. On the bottom it says aged to perfection. I do not know what is the definition of "aged to perfection"? 5 years? 10 years? 20 years?

I still like the rice that's fresh from harvest. At least not more than one year old. Why would any one like aged rice?

Re: Rice prices 'to keep on rising'
 

I don't know very much about basmati rice but I have eaten it quite a bit and I think it tastes pretty good.

Re: Rice prices 'to keep on rising'
 

I stocked up two years ago. Most all of the initial rice beans and sugar are still on the shelf. The flour and pasta are long gone. Buy what you use.

Re: Rice prices 'to keep on rising'
 

I split my large bags of rice into large clear plastic juice bottles for ease of use and storage. I am not sure of the safe keep time on rice but I guess I will find out when and if I need it in the next few years. Any comments???
William S Cook
in Orlando

Re: Rice prices 'to keep on rising'
 

anyone know how to invest in rice? any etf's?

Re: Rice prices 'to keep on rising'
 

I don't trust food from India (& China). The rice could have been grown in sewer water...:shocked_ma:

Re: Rice prices 'to keep on rising'
 

Rice at Sam's Club locally has increased over $3 a bag in the last month...

I bought 100 pounds last Monday for $17.29/50 pounds....today it is $19.19 for the same amount.

Anyone starting to wonder if food prices will become like gas,going up every few days????

Re: Rice prices 'to keep on rising'
 

Silverbach, does that bag have a zipper at the top, on the backside? The bag of Basmati rice that I bought at Costco looks similar to yours, but different name brand. Sounds like there is a plastic liner inside to me.

Re: Rice prices 'to keep on rising'
 

I've been putting everything (rice and beans) into quart mason jars and using the foodsaver to get the air out. In a vacuum I think the stuff will last for 10 years in a cool, dry, and dark pantry.

Re: Rice prices 'to keep on rising'
 

Silverbach, that's the very same brand of Jasmine rice I bought, except I bought it in brown rice. There was an inner plastic bag.

Realitycheck, I think you got a bag gone bad, because this stuff is really good. As for aging? This explains it: http://news.curiouscook.com/2007/02/...d-and-new.html

So if you like light fluffy rice, aging is a good thing.

Re: Rice prices 'to keep on rising'
 

I don't care for basmati rice. I does have an odd smell and flavor. I can eat it in Indian cooking because of the strong spices.

I prefer Thai Jasmine rice over every other kind.

Re: Rice prices 'to keep on rising'
 

Does anyone have any info on which types of rice store the longest and which ones are better nutritionally? I know that brown rice is best for nutrition but it doesn't store well. What type of rice is good both nutritionally and good for storage?

Re: Rice prices 'to keep on rising'
 

Supposedly converted white rice has the best tradeoff between nutrition and long-term storage. Not as nutritious or as tasty as brown or wild rice, but better than regular white rice, and stores as long as white rice does. Or so I've heard. Look for the section on rice on this page http://waltonfeed.com/grain/faqs/iia1.html

Sam's sells Uncle Ben's converted white rice. I bought one bag of it to try it a few days ago. It's ok, but not nearly as good as regular long grain white rice, especially not as good as my favorite Thai Jasmine rice. The main defect in converted rice is that the grains have no sticking capability. Each one remains entirely separate from the others when cooked. That makes it lousy for most rice dishes, which are greatly enhanced by the propensity of regular white rice grains to stick together. Personally, I'll forgo the converted rice and "stick" with the good sticky stuff.