Saudia-Online the Net Gate to Saudi Arabia Market
 Business 
Saudi Arabia Business News
Business Opportunities
Business Guide
Companies Directory
Corporate Websites
Currency Exchange
Saudi Arabia Events
Local News
Saudi Stocks
Monthly Economic Reports
Saudi Arabia Travel
Saudi Arabia Weather
Submit Press Release
Read Press Releases
 
 COMMUNITY


Free Websites
 for Saudi
companies and Establishment
&
for Foreign companies 
interested in exporting
to Saudi Arabia


Community Sign Up

Email
Chat
Message Boards
Should women be in the army?

Classifieds
Events
 QUICK LINKS
About Saudi Arabia
About us

Advertising
Arabic cuisine
Arabic newspapers

Arabic radio and TV

Free downloads

Saudi Arabia ISP's

Science and Technology

Send us feedback

Travel

Traveling to Saudi Arabia

Phone Free
 
 
 

      
Top Saudi Arabia Business News& PRESS
REVIEWS
      

Exporters vie for supremacy in Saudi rice market
Jeddah,5th Apr 2001

  The Saudi rice market has become a battle ground with exporters fighting to dominate a market worth SR2.5 billion according to last year’s estimates.

The battle has intensified since the entry of high quality Australian and Pakistani rice into a market traditionally dominated by Indians who controlled 65 percent of the business.

The price war has led to the adulteration of high quality Indian Basmati with low quality varieties which is then sold at a low price, according to a market source.

The sales promotion manager at the Al-Muhaideb Food Company, Muhammad Abdul Rahman, said the highest quality Basmati rice was hardly found in Saudi Arabia now because of its high price.

The price makes it uneconomic to compete with adulterated rice sold at a much lower price.

It is further alleged that rice exporters send their products to the Gulf with little regard for quality as long as the commodity is in demand.

The Saudi market is particularly attractive to exporters because of the country’s economic stability and facilities for transportation and credit which use the latest techniques.

According to another market source, exporters from India, the United States, Egypt, Australia, Pakistan, Thailand, Iran and others are making every effort to dominate the largest market in the Gulf region. 

An Indian grain-exporting company, L.T. Overseas, attributed higher oil prices to the increasing demand for top quality rice such as Punjabi Amber and Basmati in the Gulf.

Saudi Arabia is the largest importer of Indian Basmati — 400,000 tons last year.  In addition to domestic consumption, Saudi Arabian traders also re-export the rice.  Indian Basmati sold at SR2,800 a ton encounters stiff competition from Pakistani Basmati priced at SR1,875.

Saudi Arabia is expected to consume 1.3 million tons of imported rice by the year 2005. The expected increase in the number of pilgrims because of new Umrah regulations is also an additional reason for increased rice consumption in the Kingdom.

India is the largest rice exporter to the Kingdom with 65 percent of the market. The US holds second place with 12 percent followed by Pakistan with 11.3 percent, Thailand with 8.3 percent and Australia with 2.4 percent. 

Source: ArabNews©

Send Page To a Friend  

  
Starting Business with Saudi Arabia Use the Saudi Business Guide
 

Join the Saudia-Online.com mailing list
Your Email Address:

Archives Section

Back to Business News

<Home

Free services in Saudia-Online
Free services

Free Websites for 
Saudi Arabia
 Factories

Free services

Free Websites for Saudi companies and Establishment

Free services

Free Websites for
Saudi Arabia Travel
Agencies and Companies

Free services

Free Domain
Registration

Free services

List your Saudi
Arabia Company in
our Directory

Free services

Subscribe to our
Newsletter

Free services Jobs......
Post a job!

Job Openings

  
Free services

Advertise Free
Classifieds section. 

Free services

Gift Reminder

Free services

eCards

Get Stock Quote: Enter Symbol(s)

Symbol Lookup
My Portfolio
Our Privacy Vow 

 


Make Saudia-Online My Start Page  -  Bookmark Saudia-Online
Contact Us -  Advertising Info -  About Us -  Terms Of Service -  Add My Site -  Privacy Policy 

© 1999-2000 by Horizon for Commercial Development Co., Ltd, All rights reserved.
  Saudia-Online,Malls2Save,JeddahMalls,RiyadhMalls,RiyadhShops,SaudiMade,Travel2Saudi and HDC are  trademarks of Horizon for Commercial Development Co. Ltd.  P.O. Box 14657, Jeddah 21434, Saudi Arabia
 Telephone 00966-2-6693585, Fax 00966-2-6693472
Webmaster@saudia-online.com

05 April 2001 06:53:00 PM

Click Here!