Basmati Rice: STC Its Claws

10 years, 6 months ago - October 18, 2013

Volatility in the price of basmati rice on the world market concerned. It sells for between $ 1,500 and $ 1,700 per tonne. Importers believe that the price of the rice will rise further in the coming weeks. Ajodha Anand, the director of Funny Traders, one of the largest importers of rice in the country, argues that large traders in India and Pakistan prefer to store their rice as Iran begins to buy several tons.

Faced with such a situation, the State Trading Corporation (STC ) has decided to launch a tender for the supply of basmati rice. " We want to know the true price of basmati rice so that consumers are not penalized . We must bring order in this market. If we have a competitive price , the STC will penetrate this market and import of good quality basmati rice , "said a close this folder within the STC .

For now , it is 2000 tons of rice that the agency intends to import . However, if the market reacts positively , it will issue import more . It is mainly the 1121 rice comes from New Delhi in India and Super Kernel is Pakistan, which are the most popular internationally. These two types of rice are known for their finesse. The most requested rice remains 1121.

It was after more than two years that the price of rice is experiencing a rise of this magnitude. This is an internal factor in India that drives up the price . The Great Peninsula , which is a major producer of rice, must keep a sufficient stock of rice for their own consumption .

Text by Le Matinal

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