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| Sugat hikes rice prices by up to 30%

Zvi Herman    
Thursday, 14 June 5:00 PM
Israeli food manufacturer Sugat is putting up rice prices by between 16% and 30%, sources inform "Globes," due to price rises on the Asian rice market. The products going up in price are Basmati rice, Persian rice and Jasmine rice. Sugat is currently informing the retail chains about the new price rises, which will presumably be passed onto consumers.

Sugat had a controlling 63% stake in the Israeli rice market in 2017 and it is likely that other Israeli rice producers will follow suit and raise prices and pass on at least part of increased costs to consumers.
Full Story (Globes)

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