India agrees to export 170,000 tonnes of non-basmati white rice to Malaysia, addressing the recent shortage issue. This demonstrates India’s commitment to supporting friendly countries in safeguarding domestic food security and alleviating rice shortages globally.

Indian rice exporters are urging the government to implement a flat export duty of $80 per tonne for parboiled rice to facilitate trade, reconsider the export ban on white rice, and reduce the minimum export price for basmati rice to prevent negative impacts on farmers and export volumes.

In a welcome move, AIREA ends strike, allowing traders to procure paddy, providing much-needed relief to farmers. The decision comes after a deadlock over the minimum export price of basmati rice. While the issue remains unresolved, the association prioritizes the farmers’ interests.

Pakistan’s export sector has seen a remarkable growth in Q1 2023-24, with a 25.54% increase in exports. Rice exporters like HAS Rice Pakistan have played a significant role in this growth by offering high-quality products and maintaining competitive prices.

Pakistan’s food exports surge by 18%, reaching $1.28 billion in the first quarter of FY24, driven by factors such as the depreciation of the Pakistani rupee, disruptions in the supply chain, and higher international prices. Basmati rice exports and meat exports experience significant growth, while fish and fish products exports also see a positive growth rate. The positive export growth reflects the strong potential of Pakistan’s food industry in the global market.

Chairman of the PHHSA, Shahzad Ali Malik, highlights the need for sustained reforms to boost agricultural exports in Pakistan, with a focus on improving competitiveness, productivity, and diversification. Expanding into new markets, enhancing quality standards, and complying with international trade regulations are crucial for growth.

Chairman of PHHSA, Shahzad Ali Malik, emphasizes the need for sustained macro-fiscal and structural reforms to achieve sustainable economic growth. He suggests diversifying Pakistan’s agricultural exports, tapping into lucrative markets, and upgrading technology and services in the agriculture sector to unlock its full potential.

Dr. Abed Chaudhury, a renowned gene scientist, has revolutionized rice cultivation with his innovative method ‘Panchabrihi’, addressing year-round food shortages. His expertise in genetics, crop breeding, and biotech has made him a leading figure in modern biology. With accolades for his groundbreaking work, Dr. Abed Chaudhury aims to ensure food security in Bangladesh.

Exports from Pakistan during the first quarter of the current fiscal year surged by 25.54 percent, reaching Rs2,013,533 million. September 2023 witnessed a 31.27 percent YoY increase in exports, amounting to Rs737,295 million. Imports for the same period decreased by 2.45 percent to Rs3,560,763 million.

In a gesture of support and friendship, India has agreed to export 170,000 tonnes of non-basmati white rice to Malaysia, alleviating the country’s recent rice shortage. This decision reflects India’s commitment to food security and will provide temporary relief while Malaysia looks for long-term solutions.