Al-Marsad Newspaper: Rice importer, Abboud Bamoukra, said that there is an expectation that rice prices will rise by up to 16% due to decisions to restrict exports in the producing countries.
The presenter was asked, “What if other Asian countries of major rice producers took such decisions” Thailand ranked second, Vietnam ranked third, and Pakistan, which had a significant impact in causing a rice crisis in 2008. Is this scenario likely? ?
And Abboud Bammoukra answered, during his appearance on the Saudi Al-Arabiya channel: “The truth is that Pakistan is the third country in export, and the third country in consumption, in the local market in Saudi Arabia, and if it exports, a crisis will occur.
Rising prices
Bammoukra added: “At the present time, I expect a crisis unless the crop appears next year, and the trend now will be that there is a difference of 10 to 20 percent, so there will be a difference in prices.
He concluded: “I expect an increase of about 14 to 16%, depending on the quality, a rise in prices for the consumer, so the consumer must know what is happening in the local and global environment.
2023-08-27 16:11:45
#Video #rice #importer #reveals #bad #news #rice #prices #coming #period
