In an exclusive interview, the Pakistani Ambassador to Kazakhstan discussed trade, transport connectivity, and Afghanistan’s security situation. Bilateral trade has been steadily increasing, and efforts are being made to keep the Karakoram Highway open year-round. Cooperation in the railway industry and grain imports were also addressed. Both countries are dedicated to strengthening ties and exploring new opportunities for collaboration.

The Cambodia Logistics Association warns that the conflict in the Red Sea has doubled shipping costs to the US, Canada, and Europe, with transportation expenses within Asia also expected to rise. Shipping companies have rerouted ships, adding time and distance to journeys.

India’s parboiled rice export prices reach record levels due to limited supplies and strong demand, remaining significantly cheaper than supplies from Pakistan and Thailand. Meanwhile, Thai rice prices experience a slight decline due to increased supply from new crops entering the market. Vietnamese rice wins bids to Pakistan and Indonesia, supported by trade agreements with the Philippines. Bangladesh announces plans to allow rice imports with reduced duties.

The global Basmati Rice market is projected to reach a worth of US$12,180 million in 2023, with a compound annual growth rate of 8.5% from 2024 to 2030. A new report by QYResearch provides valuable insights into the market’s current status, historical analysis, and future forecasts, aiding stakeholders in making informed decisions.

Thailand expects a 14.38% drop in rice exports in 2024 due to lower production and increased competition. However, January 2024 saw a 44% increase in exports, signaling a positive outlook for the industry. External factors, such as Indonesia’s stockpile and India’s potential export lift, may further impact Thailand’s exports.

Parboiled rice export prices in India hit record highs due to limited supplies and strong demand, while Thai rice prices slightly decrease with new harvests. Despite rising, Indian prices still remain significantly lower than Pakistan and Thailand, contributing to steady demand in the global market.

Thailand’s rice exports are expected to decline in 2024 due to lower production levels and intensified competition. Challenges such as increased global supply and reduced imports from trade partners pose further obstacles for the country’s rice exporters, while potential growth opportunities were witnessed in January. Despite these challenges, Thailand remains a key player in the global rice export industry. (Word count: 49)

Indonesia’s state food procurement agency, Bulog, secures contract for 500,000 metric tons of rice supplies from Vietnam, Myanmar, and Pakistan to maintain a steady rice supply in the country and provide business opportunities for exporters.

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Thailand, the world’s second-largest rice exporter, expects a 14.38% decline in rice exports for 2024 due to reduced production and increased global competition. Factors such as the El Nino weather phenomenon and potential export lifts by India contribute to the challenges the country faces. However, Thailand experienced a significant increase in rice exports in January, highlighting its resilience in the sector.