Rice, sugar and cotton price increases in intl market

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Rice, sugar and cotton price increases in intl market

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28 August,2010 10:05 pm

Price of rice, sugar and cotton has been increased in the international market after floods devastated crops in Pakistan. Price of sugar has increased by 3 percent and cotton gained by 8 percent in August in international market. Crops have been destroyed in Pakistan due to which demand of sugar has been increased. Pakistans rice export was expected to have 10 percent share in the international market which was hammered by floods. Similarly, Pakistan has to import cotton to meet local demand.