Rice prices on declining trend

LAHORE - The price of rice has witnessed a sharp decline of Rs20 to Rs30 per kilogram in the open market as the commodity was being sold in the range of Rs50 to Rs 90 per kg in the country.

According to information collected by The Nation, the prices of all verities of rice have been on declining trend for the last few days due to the couple of reasons.

The super kernel basmati rice, stored for two years, which used to be sold at Rs 120 to 110 per kg is now being seen to have been sold at Rs90 during the last couple of days.

While, the same variety, which has been in store for one year, and was being sold at around Rs 100 per kg is available at Rs 80 per kg.

In the same way the 386 basmati rice is now being sold everywhere at retailer shops and on vendors carts at Rs 60 to 50.