Results tagged “foodprices”

We know that this sounds like an April fool, but China could be facing a rice shortage. No, seriously. We told you a few days ago about KFC upping their prices; now the cost of the other staple in Shanghaiist's diet, rice, could be facing a hike due to fears over supply. For the moment, the government has frozen the price of rice — as well as that of other goods such as cooking oil — in an effort to curb food costs following their 23% leap in February, but has not ruled out price rises in the near future. They have also announced that farmers will receive increased prices for both rice and wheat as China attempts to avoid the rice production problems currently engulfing some other Asian states.