Article: Who is pocketing Rs78 per kg profit of basmati rice?

By JAVED MAHMOOD and RAMZAN CHANDIOKARACHI, May 21 (THE NATION): The gap between the retail price of basmati rice and its ex-mill price (at the start of the season in January 2008) has widened to Rs 78 per kg. When the new rice season was kicked-off in January this year the ex-mill price of basmati rice was around Rs 1700 per 40kgs (Rs 42.50/kg) while during the last couple of weeks the retail price of the superior quality basmati rice had been increased up to Rs 120 that showed an unbelievable difference of Rs 77.50 per kg, thanks to the money-minting approach of the rice millers, hoarders, dealers and retailers.In the case of famous and superior brands the retail ...

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