A group of people which included my mom bought 1 ton of rice from a local rice mill today. The cost was $550 per ton. That means there was going to be forty 50lbs bags of rice at about $13.75 per bag ($.28 per lbs). A regular bag of 50lbs rice bag at the local grocery store is about $32, that is 1/3 of what they would pay at the grocery store.Well I made some rice this afternoon and the rice taste better than the bagged rice. It taste fresh, a bit more starchy, could be the species of rice.The rice I would say is fluffy, has good color. The aroma is also different. This look to be short grain rice.
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| Rice prices Over 5 Years Per Ton |
Rice according to this graft has gone from $300 per ton to $600 per ton over the last 5 years. That is a 100% increase. Below is the 30 year graph. 2008 was the year we had a global rice shortage crisis. You can draw your own comparison.
