Price of Pakistani rice down by 40%

KARACHI: Owing to the world economic recession and better production of rice globally, the prices of Pakistani rice in international market have come down to USD511 per ton with the decline of 40 percent.

According to federal board of statistics, during July 2009 to January 2010, Pakistan exported 2.26 million ton rice at the rate of Rs1.15 billion. ‘

While last year for the same period, Pakistan exported 1.5 million-ton rice at much higher rate of Rs1.26 billion.

Rice Exporters Association Vice Chairman Rafiq Suleman told Geo that the exporters should attach more value to consumers packing to enhance the rice export.

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