Business | Markets

Channel Sponsor

Pakistan sets export price for some rice

Pakistan, the world's fifth-biggest rice exporter, set a minimum export price for some of the premium quality grains to boost local availability amid a global shortage of the commodity.

  • Bloomberg
  • Published: 00:11 May 4, 2008
  • Gulf News

Islamabad: Pakistan, the world's fifth-biggest rice exporter, set a minimum export price for some of the premium quality grains to boost local availability amid a global shortage of the commodity.

Companies can export super basmati at not less than $1,500 a metric tonne on a free-on-board basis, the commerce ministry said on its website.

The ministry set the benchmark export price for ordinary basmati rice at $1,300 a tonne, $1,000 a tonne for the IRRI-9 variety and $750 for IRRI-6.

Pakistan joins India, Vietnam, China and Egypt in restricting rice exports after prices threatened food security in some nations.

  • Rate this article
  • Average reader rating (0 votes) 0 Stars
Tools

Emailing an article to friend is a simple way to share a news item. Your friend will receive an email with your name and email address as well any personal message you choose to send.

The information you provide on this page will not be used to send unsolicited emails.

This service is not intended to encourage spam, and action may be taken against individuals who maliciously enter personal details of another individual.

Share this article

More from Markets

  1. UAE general market index falls as investors stay away

  2. Stocks signal move to traditional sectors

  3. Latest economic data expected to show recovery still under threat

  4. US treasury bills fall as short-term note yields remain low

All articles in Markets

More from Business

Gulf News
Popular in Business
Airlines in the region
Budget travel

Airlines in the region

Take a pictorial look at some of the budget airlines in GCC

Business Editor's choice