ANL 12.54 Decreased By ▼ -1.01 (-7.45%)
ASC 12.70 Decreased By ▼ -0.62 (-4.65%)
ASL 13.46 Decreased By ▼ -0.56 (-3.99%)
BOP 8.38 Increased By ▲ 0.02 (0.24%)
BYCO 5.96 Decreased By ▼ -0.18 (-2.93%)
FCCL 17.08 Decreased By ▼ -0.53 (-3.01%)
FFBL 24.05 Decreased By ▼ -0.85 (-3.41%)
FFL 9.97 Decreased By ▼ -0.28 (-2.73%)
FNEL 9.25 Decreased By ▼ -0.55 (-5.61%)
GGGL 14.00 Decreased By ▼ -1.30 (-8.5%)
GGL 27.05 Decreased By ▼ -2.45 (-8.31%)
HUMNL 5.73 Decreased By ▼ -0.17 (-2.88%)
JSCL 15.00 Decreased By ▼ -1.00 (-6.25%)
KAPCO 31.60 Decreased By ▼ -0.45 (-1.4%)
KEL 3.22 Increased By ▲ 0.05 (1.58%)
MDTL 2.09 Decreased By ▼ -0.12 (-5.43%)
MLCF 32.75 Decreased By ▼ -1.64 (-4.77%)
NETSOL 90.21 Decreased By ▼ -5.29 (-5.54%)
PACE 4.10 Decreased By ▼ -0.15 (-3.53%)
PAEL 20.51 Decreased By ▼ -0.92 (-4.29%)
PIBTL 7.25 Decreased By ▼ -0.35 (-4.61%)
POWER 6.39 Decreased By ▼ -0.21 (-3.18%)
PRL 11.95 Decreased By ▼ -0.74 (-5.83%)
PTC 8.80 Increased By ▲ 0.05 (0.57%)
SILK 1.17 Decreased By ▼ -0.08 (-6.4%)
SNGP 37.70 Decreased By ▼ -0.98 (-2.53%)
TELE 14.85 Decreased By ▼ -1.03 (-6.49%)
TRG 77.68 Decreased By ▼ -4.05 (-4.96%)
UNITY 22.90 Decreased By ▼ -0.80 (-3.38%)
WTL 2.03 Decreased By ▼ -0.02 (-0.98%)
BR100 4,381 Decreased By ▼ -20.35 (-0.46%)
BR30 16,863 Decreased By ▼ -630.48 (-3.6%)
KSE100 43,233 Decreased By ▼ -1.32 (-0%)
KSE30 16,718 Increased By ▲ 20.28 (0.12%)

Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,767
624hr
Pakistan Cases
1,286,825
37224hr
0.82% positivity
Sindh
476,674
Punjab
443,453
Balochistan
33,506
Islamabad
107,887
KPK
180,316

MUMBAI/DHAKA: Indian rice export prices fell for a seventh straight week as supplies have been boosted by the central government’s release of stocks to help the poor in a country tackling a COVID-19 surge.

Top exporter India’s 5% broken parboiled variety was quoted at $370 to $374 per tonne this week, down from last week’s level of $371 to $376.

Rice prices in the local market have corrected significantly after the government started releasing stocks from its warehouses to help poor people, an exporter based at Kakinada in southern state of Andhra Pradesh said.

India has been providing free grains to nearly 800 million people as the second wave of novel coronavirus hit the country.

Neighbouring Bangladesh is expected to see a rise in summer rice output or ‘Boro’ crop to 20.5 million tonnes this year from 19.6 million tonnes a year earlier, because of higher acreage, the country’s agriculture ministry said.

The ‘Boro’ variety, which contributes more than half of Bangladesh’s typical annual rice output, could reduce imports for Bangladesh that has emerged as a big importer after repeated floods last year damaged crops.

Meanwhile, Thailand’s 5% broken rice price narrowed to $465-$473 per tonne - an over six-month low - from $475-$485 a week ago.

Traders cited a lack of overseas demand, while there were no concerns about supply. However in Vietnam, the 5% broken rice was unchanged from a week earlier at $490-$495 a tonne as sales track low supplies.

“Traders are waiting for new output from the upcoming summer-autumn harvest,” a trader based in Ho Chi Minh City said.

Exports in the first four months of this year fell 6.9% year on year to 1.97 million tonnes, but increased 45.1% in April from March.

We love hearing your feedback, please help us improve by answering these few survey questions

Comments

Comments are closed.