Friday, October 24, 2008

Pakistan Exports Fall Amid Global Slowdown - Oct 24, 2008

Pakistan’s rice exports are expected to fall almost 40 % during the current month as compared with the same period last year in the wake of decreasing international prices.

Pakistan rice exports this year in November are expected to remain at 75,000 MT compared to 1,50,000 MT last year.

Pakistan is the world’s fifth-largest rice exporter and it had removed a minimum export price on basmati and non-basmati rice after expectations of a bumper crop.

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