I like Basmati rice, but if the price tripled, it still would not be too expensive. Right now you can buy two ten pound bags of it for $20, or less, and twenty pounds of rice (uncooked) will last you quite a long time.
When it comes to commodities like rice, GDP per capita plays a major role in determining the impact of price hikes. I posted the article because it shows important economic relationships between the United States and the Middle East.