Pakistan earns $394m more from rice export: The Nation

By: Ramzan Chandio | Published: April 17, 2009

KARACHI - Pakistan earned $394 million more from the export of the rice during nine months (July-March) of the current financial year 2008-09.
The total export of rice increased to $1.339 billion in nine months of current fiscal year 08-09 against $945m of same period of last fiscal year 07-08. Rice is the dominated food staple in exportable food commodity and it has importance in the exports commodities as country earns significant foreign exchange every year. Though, the export of the rice has increased during nine months over same period of last year as history making prices of the commodity in international as well as in local market had encouraged the growers who switched over to rice even in cotton growing-areas.
Due to attracting prices, the growers and exporters were eying of over 6m tons production in current crop season of FY2008-09 but emergent fall of rain had badly impacted on production and yield of the crop in the country. Resultantly, the output of the crop reduced to 5.6m tons in current season of FY2008-09.

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