Prices of Rice

If you go to the supermarket for your regular grocery shopping, I am sure you would have noticed the prices of almost every item has gone up during each visit.

In particular, the prices of one of our most important staple food - rice, has gone up significantly. I recalled a pack of 5 kg rice used to be less than $6 now, it costs as much as $9. I am talking about the cheapest option for rice. The higher-end rice already costs at least $10 for a pack of 5kg.

What is going on here? We read from the papers that oil prices continue to soar, the inflation rate reaching all time high, commodity prices rise due to shortage and various reasons,...

We as consumers suffer and who is gaining from this issue?