Rising cost of Foods have been something going unnoticed and uncovered news in recent time. In spite rising cost of daily staples is affecting our daily life nobody seems to taking it seriously and sensing something coming out as a consequence. It is expected that more than 60% of world population believed to be middle class people and constant rise in cost of daily food stuffs is hitting hard to this segment of population demography which leading us towards the imminent revolution “Rice Revolution”. Some minor protest has already started in Philippines, Egypt and it is contagious to our part of world.
World Bank study reveals that rice prices in most of developing countries has risen by almost triple fold and stock of rice has gone down lowest in three decades. It again suggests that there is an even higher chance of increasing rice prices. Global warming has had an adverse effect on production of rice due to uncertain changes in weather. Constant rocketing of Petroleum and fertilizer prices are also one of the key factor in rising cost of production of rice which is ultimately reflected in consumer price. Last year heavy flooding in South Asia has badly hit production of rice in Bangladesh, India where almost 1/3 of total rice production takes place.