KARACHI: Surging freight charges and falling dollar rate have badly hit rice exports, said Rice Exporters Association of Pakistan (REAP) on Thursday.

Freight rates to Europe have swelled to $3,500 per container from $600 and for China to $750 from $100, the association said, adding that the freight hike has hit commodity trade.

Furthermore, unfavorable exchange rates have doubled the grievances of rice exporters who are already running behind due to so many factors, especially very low Indian prices.

The association said demand for rice has also declined due to continued global shutdown of travel, tourism, hotel and catering industry amid Covid-19.

Published in Dawn, April 2nd, 2021

Opinion

Editorial

Shared goals
Updated 16 Aug, 2022

Shared goals

It is high time that all parties realise that negotiation on the economy does not need to be held hostage to political rivalries.
Making amends?
16 Aug, 2022

Making amends?

WHERE relations with the US are concerned, there has been a distinct shift in Imran Khan’s tone. While the PTI...
Hazardous celebration
16 Aug, 2022

Hazardous celebration

CAN celebratory actions that often result in death or lifelong injuries really be described as such? Be it Eid, New...
Taliban anniversary
15 Aug, 2022

Taliban anniversary

A YEAR ago on this day, the Afghan Taliban rolled into Kabul as the Western-backed government fell like a house of...
Extreme measures
Updated 15 Aug, 2022

Extreme measures

Government has overreacted to a degree that has given ammunition to the PTI to accuse it of ‘fascism’.
A depraved society
15 Aug, 2022

A depraved society

IF the extent of sexual violence against women and children is any measure of a society’s moral degradation, then ...