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Basmati rice prices soar, set to remain high

Basmati rice prices soar, set to remain ...
Reuters Wed, May 7

Bags of basmati rice are seen on display at a store in Arlington, Virginia April 24, 2008. Wholesale prices for Basmati rice, grown in the foothills of the Himalayas, are set to remain high after doubling in the last 12 months with demand surging and production costs climbing, a major importer said on Wednesday. REUTERS/Jim Young/Files

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