Basmati exports decline by 40 percent

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KARACHI: Basmati exports have declined by around 40 percent to 497,000 tons in the first 11 months of the ongoing fiscal year as compared to 834,000 tons achieved in the previous year, Rice Exporters Association of Pakistan (REAP) reported on Tuesday.

 

“The signification increase in the cost of production has declined the exports,” Jawed Ali Ghori, chairman of the association, said. He said that the increase in the cost of production to ports has crippled exports. The price of fertiliser and diesel also impacted the exports badly, he added.

 

The cost of transportation of rice to ports has increased to Rs230 per ton from Rs120 last year, Ghori said.

 

The prolonged power outage was another reason behind significant decline in basmati exports, he said, adding that factories are producing their own electricity from diesel generators that were costing Rs28 per unit.



Courtesy:    The News


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