Indian Basmati Rice FOB Firm in April by 7.5%.

Indian FOB for 1121 steam in the month of April moved firm from last month and currently is in the range of USD 1229-1230/MT which is up by 7.5% from last month price of USD 1143/T. Average basmati rice price too firmed this month with higher demand and lower stocks. However, from last one week prices traded weak due to profit booking by traders. According to the UN Food and Agriculture Organization (FAO), Currently Pakistani basmati FOB is also moving firmer from last seven months due to lower production estimates and now it is hovering in the range of USD 1203-1205/MT which is also up by 11.66% from last month FOB of USD 1078/MT.