Nov 11, 2015, 3:23 PM

Rice price drops in global markets

Rice price drops in global markets

TEHRAN, Nov. 11 (MNA) – Reporting on the decline in rice prices in October, Secretary of Iran’s Rice Association Jamil Alizadeh Shayegh said Iran had not experienced any change in rice prices compared to the previous year.

Jamil Alizadeh Shayegh said Indians have raised price due to Iran's need to import rice.

“According to the latest figures released by FAO, the global prices of exported rice were experienced a decline in October while the cause of rise in price of Indian rice remains a question,” he added.

Pointing to the higher price of Iranian, Korean and Japanese rice compared to other types, Shayegh said, “even in Iran, the price of rice has remained unchanged in comparison to the privious year.

"We must move in line with the global marke," he underlined.

Pointing to the controversies existing among Rice Import Association, Ministry of Agriculture and the Rice Association over rice import, the official underlined, “We have come to an agreement with the Ministry over the issue and they have repeatedly announced their disagreement with the import of rice to Iran.”

Iran was one of the biggest export markets for Indian basmati in the last two years, with close to 40 percent of exports, which totals around 2.2 million tons.

 

HA/2964263

 

News ID 111868

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