Prices for rice grown in Kenya soared a while ago because of higher fertilizer prices and a yearslong drought in the Horn of Africa that has reduced production. Cheap rice imported from India had filled the gap, feeding many of the hundreds of thousands of residents in Nairobi s Kibera slum who survive on less than $2 a day. But that is changing. The price of a 25-kilogram (55-pound) bag of rice has risen by about a fifth since June, going from the equivalent of about $14 to $18. Wholesalers are yet to receive new stocks since India, the world s largest exporter of rice by far, said last month that it would ban some rice shipments.
A rice shortage is sending prices soaring across the world And things could get worse
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A rice shortage is sending prices soaring across the world And things could get worse
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A rice shortage is sending prices soaring across the world And things could get worse
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