Pakistani rupee devaluation and low exports to the Middle East has resulted in the increase of rice prices in Pakistan. Rice is a staple food for many, and the increased prices are causing great concern throughout the country. While there are no easy solutions, it is important to understand the factors that have led to this situation.
The Pakistani Rupee (PKR) has been devalued by about 25% against the US Dollar (USD) since December 2017. This has made Pakistani goods more expensive for buyers in other countries, leading to a decrease in exports from Pakistan. The main buyers of Pakistani rice are countries in the Middle East, where several years of low oil prices have caused economic hardship. As a result, these countries are now importing.
The current rice rate in Pakistan is Rs. 190 per kg. The expected rice rate in Pakistan for the year is Rs. 245 per kg. However, the exact rice rate in Pakistan for the year will depend on various factors such as international market prices, local production, and global demand.
Rice Price in Pakistan Today Per kg
Rice is an important crop in Pakistan and the price of rice has a significant impact on the economy. The average price of rice in Pakistan is Rs. 190 per kg. The government sets the minimum support price (MSP) for rice at Rs.4,960/- per 40kg. The wholesale price of rice ranges from Rs. 10,600 to Rs. 11,800 per 100kg. The retail price of rice ranges from Rs. 190 to Rs. 200 per kg. Rice is a staple food in Pakistan and is eaten by people from all walks of life. The price of rice has a direct impact on the inflation rate and the standard of living of people in Pakistan. The government should take measures to stabilize the prices of essential commodities like rice to protect the interests of the people.
Rice Prices List in Pakistan
| Rice Brand Names | Type of White | Type of Sella | Type of Steam |
| Super Kainat Rice Rate 25 KG Bag | Rs. 4200. | Rs. 4300. | Rs. 4600. |
| Supri 40 KG Bag Price | Rs. 2700 | Rs. 2900 | Rs.3000 |
| Super Basmati Old 40 KG Bag Price | Rs. 4900 | Rs. 5300 | Rs. 6000 |
| New Super Basmati 40 KG Bag Price | Rs. 4700 | Rs. 5000 | Rs. 5400 |
| Super Fine 40 KG Bag Price | Rs. 3000 | Rs. 3580 | Rs. 4000 |
| Super B1 Broken 40 KG Bag Price | Rs. 2600 | Rs. 2750 | Rs. 3150 |
| Super B2 Broken 40 KG Bag Price | Rs. 2350 | Rs. 2450 | Rs. 2800 |
| C 9 40 KG Bag Price | Rs. 2600 | Rs. 2800 | Rs. 3300 |
| Super Short Grain 40 KG Bag Price | Rs. 3200 | Rs. 3400 | Rs. 3600 |
| Irri 6 40 KG Bag Price | Rs. 2350 | Rs. 2600 | Rs. 2800 |
| Kainat 1121 40 KG Bag Price | Rs. 5200 | Rs. 6000 | Rs. 6400 |
| Kainat 1121 Short Grain 40 KG Bag Price | Rs. 3200 | Rs. 3400 | Rs. 3600 |
| 386 Basmati 40 KG Bag Price | Rs. 2850 | Rs. 3300 | Rs. 3600 |
| Kainat 1121 B1 Broken 40 KG Bag Price | Rs. 2600 | Rs. 2800 | Rs. 3200 |
| Kainat 1121 B2 Broken 40 KG Bag Price | Rs. 2200 | Rs. 2400 | Rs. 2800 |
| 1509 40 KG Bag Price | Rs. 4300 | Rs. 4900 | Rs. 5100 |
50 Kg Rice Price in Pakistan
The average price of 50 kg rice in Pakistan is Rs. 9,500 to 11000. This price is valid for all major cities of Pakistan including Karachi, Lahore, Islamabad, Faisalabad, Rawalpindi, Multan, Peshawar, and Quetta. The prices of rice vary slightly from one region to another within the country. However, the above mentioned price is the general average price of 50 kg rice in Pakistan.
The prices of rice have increased significantly in the past few years due to various reasons such as inflation, crop failure, and increase in global demand. The government of Pakistan has taken several measures to control the prices of essential commodities like rice but so far the results have been mixed. The average price of 50 kg rice in Pakistan is still high as compared to other countries in the region. In order to cope with the rising prices, people have started consuming less rice and opting for cheaper alternatives such as wheat and maize.
There are several reasons for the increasing trend in rice prices in Pakistan. Firstly, there has been a decrease in domestic production due to factors such as pests and diseases, declining soil fertility, and water shortages. Secondly, international prices have increased due to strong demand from Asian countries such as China and India. Lastly, the Pakistani government has placed a ban on rice exports, which has led to hoarding and black market activity.
The increase in rice prices has had a negative impact on the lives of poor Pakistanis, who spend a large proportion of their income on food. Inflation has also increased, as the prices of other staples such as wheat and sugar have risen in response to the higher cost of rice. The government has taken some measures to address the issue, such as providing subsidies for farmers and releasing stocks from government warehouses. However, these measures have not been sufficient to bring down prices significantly.
The situation is likely to continue in the short term, as there is no end in sight to the global demand for rice. In the long term, however, Pakistan will need to increase its domestic production in order to meet the needs of its population. This can be done through improved agricultural practices, investments in irrigation and water management, and by encouraging private sector involvement in the rice industry.
Conclusion:
So, what does this all mean for Pakistan? The price of rice is likely to continue increasing in the short term as demand continues to outstrip supply. There are a few things that the government can do to try and mitigate the effects of this on Pakistani citizens. They could work with farmers to increase production, or they could subsidize the price of rice so that it remains more affordable for people. However, given the current state of the economy, it is unlikely that either of these measures will be taken anytime soon. All we can do now is hope that the rains come early and bring much-needed relief to both farmers and consumers.