12 November 1998
Pakistan’s rice exporters suffer high prices

PRICES for rice running as much as 30% higher than last years may scupper the hopes of Pakistans rice exporters, reports the Financial Times.

The paper reports that the country is expecting a very good harvest, but the problem is that prices in the domestic market have risen above offers from foreign importers.

Some observers reckon prices will have to drop by 10% for exports to take off.

Pakistans rice farmers suffer two other problems, reports the paper. One is adulterated pesticides and rising fertiliser and electricity prices. The other is a lack of the best mechanical technology to improve their productivity.

  • Financial Times 12/11/98 page 46