Pakistans 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