Thailand’s rice exports have grown by 16.5% in the first five months of 2024, reaching almost 4.06 million tonnes, valued at 94.6 billion THB. However, it is expected that exports in the third quarter will decline compared to the first half.

The US government reaffirms its support for Pakistan’s agriculture sector by visiting key institutions in Punjab, including the Centre of Excellence for Olive Research and Training. The officials emphasize the importance of integrating technology and value addition in dairy farming and praise the efforts to promote olive cultivation. The US remains committed to fostering sustainable development and economic prosperity in Pakistan’s agricultural sector.

Despite record-breaking inflation, Pakistan’s raw food exports have risen by 37% in FY24, reaching $8 billion. Rice exports, in particular, have surged 78.26% to $3.8 billion, with meat and sesame seed exports also increasing. Efforts to address supply chain issues and the opening of new markets contribute to positive growth.

Punjab is focusing on boosting rice production and exports by cultivating five million acres of paddy. Emphasizing high-quality rice and responsible pesticide use, stakeholders aim to meet the demands of international markets. This initiative benefits farmers and contributes to Pakistan’s economic growth. Learn more about rice exporters [here](https://www.hasrice.com) and [here](https://www.pakistanrice.com). [The News]

Pakistan’s leading rice exporter, Hasan Ali Shah Rice Exporters, specializes in exporting high-quality IRRI 6 rice, meeting global demand from countries like China, Saudi Arabia, and the UAE. With competitive prices and reliable delivery, they contribute to Pakistan’s economy and offer a preferred choice for rice importers.

The Indian government is considering reducing the minimum export duty (MEP) on basmati rice due to ample supplies and high carry-over stocks. Exporters are concerned about the impact of a higher MEP on domestic procurement and farmers’ income.

India continues to be impacted by heavy rain, leading to deadly floods and landslides. Uttar Pradesh has reported nine deaths in the past 24 hours, while Assam has witnessed a second wave of flooding, displacing over 8,000 individuals. The neighboring country of Bangladesh is also grappling with a worsening flood situation. The situation is predicted to worsen with heavy rainfall forecasted for western, northern, and northeastern states.

Sri Lanka will save $5 billion by restructuring its bilateral debt, primarily owed to China. The deal involves reducing interest rates and extending repayment schedules, providing relief from the economic crisis the country faced in 2022.

Indonesia’s rice output has declined by 9.52% due to the impact of El Nino weather phenomenon, posing challenges for the country’s economy and global rice market. Collaboration with Pakistan’s rice exporters and suppliers can help ensure a stable supply of rice.

Mr. Patrick Nyangweso, CEO of KNCCI, had a meeting with Ms. Adeela Youmis to discuss ways to strengthen trade relations between Kenya and Pakistan. Pakistan is the leading rice exporter to Kenya, while Kenya ranks second in tea exports to Pakistan. Collaboration in various sectors was also discussed. KNCCI was invited to the 2nd Food Agro Exhibition in Karachi.