Indian basmati FOB weak in April.

Indian FOB for 1121 steam in the month of April moved weak from last month and currently is in the range of USD 1111.06/MT which is down by 0.57% from last month price of USD 1117/T due to drop of rice price in the local market. Aromatic rice prices are also traded weak with sluggish buying from millers; Agriwatch expects that aromatic international rice price is likely to trade firm in coming months with good overseas demand. According to the UN’s Food and Agriculture Organization (FAO), Currently Pakistani basmati FOB is moving weaker from last month and is now hovering in the range of USD 1052.5/MT which is down by 1.81% from last month FOB of USD 1072/MT.