Pakistan’s rice exports up by 38.58% in the first five months of FY19/20
Russia and Mexico are also likely to lift the year-long ban on rice imports from Pakistan.
Pakistan’s rice exports have seen a 38.58% increase in the first five months of the ongoing financial year, compared to the same period last year. During the months of July to November 2019, over 1.601 million tons of rice worth $835.686 million were exported.
According to the Pakistan Bureau of Statistics, during the last year, Pakistan exported 1.115 million tons of rice worth $603.149 million. Pakistan earned $313.017 million by exporting 343,885 metric tons of basmati rice during the ongoing fiscal year. The figures stood at $193.855 million during the last year.
Exports of Basmati rice, in particular, have gone up by 61.47% during the first five months of the current fiscal year. Pakistan’s rice exports have hit a record of 4.5 million tonnes during the FY18/19.
Russia, Mexico Likely To Lift The Ban From Import Of Pakistani Rice:
Russia and Mexico are likely to lift the year-long ban on rice imports from Pakistan, a government official has revealed. Pakistan exports rice to approximately 150 countries worldwide, making up a significant chunk of our imports, by earning millions of dollars in foreign exchange annually.
Pakistani rice is imported by Asian countries, as well as American, European, and African countries.
A senior official at the Trade Development Authority (TDA) Amer ur Rehman, which is a company working to promote exports in Pakistan, told the Independent Urdu that Russia and Mexico banned the import due to the presence of ‘khapra beetle’ in Pakistani rice grains.
However, Amer ur Rehman said that Pakistani institutions have taken enough steps to resolve the Russian government’s objections. The Russian government intends to send a team of experts to Pakistan in January to check the quality of the Pakistani rice, he added.
What are your views on this? Share in the comments bar below.