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India captures Pakistani rice market through low prices
Pakistani Tribune, March 17, 2004
According to details, the international exporters are demanding $ 15 to 20 reduction in per ton rice in view of comparatively low prices of Indian rice.

The rice exports faced hard time last week due to increase in prices of Pakistani rice and reduction in its demand in the international market.

Pakistani rice is being sold in the international market at $ 237 to $ 229 per ton while India is selling the same variety at $ 195 per ton. The main importers of Pakistani rice are Sri-Lanka, Bangladesh and other African countries.

The downward trend in the rice exports is likely to continue until the reduction in its prices, traders said.

On the other hand wheat crises has led to increase in the demand of rice in the domestic market, which would further escalate the prices.
MGR Archive 19.3.2004
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Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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