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PAKISTAN'S RICE EXPORTS DECLINE BY 26.47 PCT IN JULY-AUG.
KARACHI, Sept 2 Asia Pulse - The depleting stocks of rice in the country have marred the exports of rice as in first two months (July-August 2002) of fiscal 2002-03, it declined by 26.47 per cent.
However, the rice exporters fetched better unit price on all varieties of rice exported from July 1, to August 24 to various countries, including UAE, Muscat, Bahrain, USA, UK, etc.
The total quantity exported from Karachi stood at 123,353.587 tonnes worth US$43,954,880.06 (FOB price) against 48,533,186.41 tonnes of previous year, short by 44,408 tonnes.
"Despite shortage of rice stock in the country we are lucky because our prices in international market have improved as compared with our main competitors, India and Indonesia, etc. The prices of all varieties have soared up by manifolds", said Rice Exporters Association of Pakistan (Reap) Chairman Abdul Rahim Janoo on Thursday.
He said the average unit price of Super Basmati rose to US$570 from US$554.69 received from the international buyers last year. Besides, the prices of other varieties, including Basmati-385, blended rice, Irri-9, Irri-6 and Pk-386 soared substantially. "But due to shortage of stock it is feared apprehended that Pakistan ...
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