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So far rice prices remain subdued.
So, this increase in rice prices matters a lot.
Consider the 2008 Rice Crisis, when rice prices doubled in six months in developing countries.
Rice prices are listed by variety and by state, with historical trend data for select varieties.
Rice prices have also risen on fears of drought in India.
But attempts to keep food prices below world levels have failed and rice prices have risen.
In Bangladesh, rice prices jumped 8percentt in December.
Wholesale rice prices were up 33.2percentt, a leap that has particularly alarmed Chinese authorities.
But the imminent spring harvest should lower rice prices, kept high by farmers hoarding rather than selling their grain.
"We believe rice prices should taper off as the spring harvest begins in May," Ms. Sofat said.
Asia saw food riots in 2008 and 2011 when rice prices spiked, and left many in hunger.
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