Karachi —Despite global recession, financial crunch and strong competition in the international markets, Pakistan’s rice exports have crossed the $2 billion mark in the current fiscal year.
According to the data available here, Pakistan exported a total of 2.896 million tons rice to different countries in the period from July 1, 2008 to June 27, 2009. Out of the total exports, Pakistan exported 909,709 million Basmati rice worth $995,995,749 while 1,987,137 tons non-Basmati rice worth $1,004,243,092 was exported in this period.
Although this figure is slightly less than previous fiscal year’s exports of $2.2 billion, however, it is a big achievement for the country, Abdul Rahim Janoo, Chairman Rice Exporters Association of Pakistan (Reap) said this at a luncheon meeting with the Chairperson of Karachi Port Trust (KPT) Nasreen Haq, here on Saturday.
For more on this article, please click on the following link: Rice exports cross $2 billion mark: Pakistan Observer
Thursday, July 2, 2009
Rice exports cross $2 billion mark: Pakistan Observer
Friday, April 17, 2009
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.
For more on this article, please click on the following link: Pakistan earns $394m more from rice export: The Nation
Thursday, November 6, 2008
USDA Attache: Pakistan's 2007-08 Rice Exports Surge: Ali Baba
Unfettered by government intervention or an export ban, Pakistan rice exports surged in MY 2007/08 to an estimated at 4.2 million metric tons, positioning Pakistan to overtake the United States as the world's third largest exporter of rice, according to a U.S. Department of Agriculture attache report posted Wednesday on the Foreign Agricultural Services Web site.
Access to last season's strong international prices encouraged farmers to move additional planting area to rice, and as a result, MY2008/09 rice production is estimated to reach a record 6.3 million tons.
In light of this year's bumper crop and the softening of international prices, the Government of Pakistan has announced its intention to purchase one million tons of domestic paddy in an effort to support local prices. The trade is wary of any government intervention in this highly successful, private-sector led market and has responded cautiously to the government's rice procurement scheme.
RICE Production
Based on Government of Pakistan (GOP) data, Post's estimate of MY 2006/07 rice production was increased (5 percent) to 5.45 million metric tons (MMT), the MY 2007/08 production estimate was increased (4 percent) to 5.7 MMT, and the MY 2008/09 estimate increased by (12.5 percent) to a record 6.3 MMT. An expansion in area planted to rice coupled with timely rains and reduced pest activity contributed to this year's record crop production level.
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