Pakistan Rice Export has been declining since September 2014 to January 2015 as well after disturbed Supply-Demand Chain. The demand for Basmati Rice Export has declined in the foreign market and supplies increases.
Also the India and Pakistan Rice export has been declined after Iran has banned Rice import.
UN’s Food and Agricultural Organization (FAO) data states that Pakistan’s Rice Export has declined by 1% from December 2014 and by 37% from year ago. Pakistan Rice Export Value in December 2014 was $885 per ton (PKR 88,350 per ton) , in January 2015 was $876 per ton (PKR 88,305 per ton).
Average basmati rice prices increased during a period of August 2014 to September 2014 and peaked in September 2014 at $1450 per ton due to production fall after flood has affected several areas in Punjab. Pakistan Basmati Grower Association has been urging the government to provide adequate support to increase the Pakistan’s’ Basmati Rice prices in global rice market and provide a tuff completion to rice prices.