KARACHI - The Union of Small and Medium Enterprises (UNISAME) has advised SME rice exporters not to be perturbed by the false rumours about crop shortage.
He said there is a group of middlemen who are creating confusion by spreading rumours that there will be crop shortage just for their vested interest and are trying to inflate the prices of different varieties of rice by inducing rice exporters to make forward contracts at a higher than normal price.
The Union has advised the SME rice exporters not to be misguided as this time even some cotton growers have grown rice and it is expected that there will be a handsome yield and surely there is no cause for worry on this count.
However if there is any increase in prices of different varieties of new crop of Irri 6 which is expected in September next month and finer varieties in October, November and December 2012 the comparative increase in rates as compared to last year would be due to higher cost of production and not due to any shortfall.
Dr Younus Soomro an agriculturist of Shikarpur reported that there is satisfactory cultivation of rice in Sindh rice belt as water was available and the farmers have managed to complete sowing and would commence reaping by September end and if all go well Sindh will have a good yielding and the supply chain will function normally to meet the demands of the millers, rice processors and exporters.
Likewise the growers from Punjab have also reported satisfactory cultivation of the finer varieties and are all set to reap a good harvest in September till December and the rice exporters can procure rice as per their requirements without pressure.