ISLAMABAD (APP) - Rice Exporters Association (REA), Chairman, Muhammad Azhar said that Pakistan due to good harvesting of rice will export its 21 percent surplus output during the current fiscal year. Talking to a private TV channel (Geo news) he said that rice worth $250 million has already been exported during July-August this year. He said that four million tons of rice valued US $3 billion would be exported during the current fiscal year. He said that the local market wholesale price of rice has dropped down by 30 percent, but the retailers were not passing on the benefit to the people by allowing corresponding price cut. Countrywide rice output this year is estimated at 5.5 million tons, he said.