Rice prices have risen by eighty percent since the beginning of the year
Published
Rice prices on the Chicago exchange have risen significantly. According to a report from Forbes Česko, the price has reached approximately 372 crowns per 45 kilograms. The price increase since the start of the year thus amounts to eighty percent.
Rice is one of the basic foodstuffs in many countries of the world. The growth in prices on world exchanges may therefore also affect other markets, including the Czech one. The report does not yet state how this development will be reflected in Czech shops.
The article also mentions that the Czech Republic currently protects imports from Asia. However, the source in the available text does not explain in more detail what protective measures these are, nor how they may affect prices for consumers.
The rise in rice prices shows how quickly the prices of agricultural commodities on world markets can grow. Further developments will depend on the situation in the countries that export rice, and on demand for this commodity.
Sources: Forbes Česko
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