Rice exports up by 44pc during the first four months of FY20

In the first four months of the current fiscal year, food group exports increased by 16.21% whereas, imports decreased by 20.34%.

1
  • Rice exports increased from 800,078 metric tons in the first four months of 2018 to 1,141,334 metric tons in same period of the current fiscal year.
  • According to a report by the Pakistan Bureau of Statistics, this year, from July-October, the rice worth $633.739 million was exported.
  • Food commodities’ imports decrease to $1.583 billion from $1.987 billion.

rice

During the first four months of the current fiscal year, rice exports increase by 43.76 pc as compared to the same period last year.

According to the report by the Pakistan Bureau of Statistics, this year, from July-October, the rice worth $633.739 million was exported. However, during the same time last year, the exports of rice were worth $440.828.

Rice exports go up from 800,078 metric tons in the first four months of 2018 to 1,141,334 metric tons in the same period of the current fiscal year.

Exports growth by 55.32%:

The exports of basmati rice grew by 55.32%. 279,257 metric tons of basmati rice, worth $256.817 million, were exported this year from July-October. However, during the corresponding period last year, 161,812 metric tons valuing $165.351 million were exported.

Other Exports:

Moreover, when we talk about the exports of fish, about 54,177 metric tons of fish and fish products valuing $129.655 million were exported in the first four months. However, during the same period last year, 44,513 metric tons worth $109.776 million fish were exported.

The exports of meat and meat products saw 53.57% growth in four months of the fiscal year 2019-20. In the first four months of FY20, food group exports increased by 16.21% whereas, imports decreased by 20.34%.

During the current fiscal year 2019-2020, the imports of the food commodities decreased to $1.583 billion from $1.987 billion in the corresponding period last year.


Also See:

Pakistan’s Ready-Made Garments Exports Increase By 12% In The First Quarter Of FY 2019

What are your views on this? Share with us in the comments bar below.

  • This is an encouraging trend but the increase in exports must be coupled with the increase in production otherwise it will lead to inflation as the decline of the rupee has made prices higher in the local market and it will fuel inflation but if there is an increase in production from the high price it will generate growth and prosperity to farmers and plenty of surplus for local market

  • This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept

    >