India’s extended restrictions on rice exports until 2024 will keep prices high, impacting the global rice market. These export bans, combined with rising ocean freight costs and geopolitical tensions, have led to decreased export orders and squeezed profit margins for rice companies. This situation threatens food security and trade relationships worldwide.

Pakistan’s IT services have generated $1.15 billion in revenue during the first five months of the fiscal year 2023-24, marking a 5.89% growth compared to the same period last year. The export of computer services, specifically software consultancy services, has seen significant growth, while other sectors such as repair and maintenance services have declined. In addition, rice exports from Pakistan have also experienced substantial growth, particularly in Basmati rice exports. Overall, Pakistan’s food group exports have increased by 49.84%, while imports have decreased by 19.48%.

Pakistan’s IT services sector shows promising growth as exports increase by 5.89% in the first 5 months of the current fiscal year. Additionally, rice exports experience a significant 76.53% growth, while the overall food group exports grow by 49.84%, signaling positive prospects for Pakistan’s economy.

Pakistan’s IT services sector has experienced significant growth, with a 5.89% increase in earnings during the first five months of the current fiscal year. The export of computer services rose by 8.17%, while software consultancy services saw a remarkable growth rate of 46.67%. Pakistan is becoming a prominent player in the global IT industry.

In an impressive feat, the APMC/Navanagar police in Hubballi resolved a kidnapping case involving an egg rice center owner within 24 hours. The victim was abducted due to unpaid debts, but the police swiftly intervened, apprehending two suspects. This incident highlights the importance of personal safety and avoiding borrowing from unreliable sources. Source: Hubli Express.

German President Steinmeier supports climate-smart agriculture in Thailand’s largest rice-farming province, Ubon Ratchathani. The Thai-German development project aims to transform rice production chains towards climate-friendly farming, benefiting smallholder farmers and communities. 45,000 farmers are encouraged to implement climate-smart practices and technologies, reducing greenhouse gas emissions while teaching communities sustainable farming techniques.

Inflation in Pakistan surges by 43.79%, driven by rising energy and food prices, straining consumer purchasing power. Factors include global commodity price surge, geopolitical tensions, and the rupee’s depreciation. Essential items witnessed price hikes and December’s monthly inflation reached 29.7%. The government anticipates a slowdown in inflation and potential policy rate cuts to stimulate economic growth.

Political conflicts and climate change are driving up the demand for rice imports, creating opportunities for Vietnamese rice exporters. However, caution is advised to minimize the risks of unexpected price changes in a volatile market. (47 words)

The Ministry of Industry and Trade (MoIT) in Vietnam aims to achieve a 6% growth in exports by 2024, utilizing existing Free Trade Agreements (FTAs) while signing new ones. The focus is on diversifying and expanding markets, import-export products, and supply chains, with a special emphasis on sustainable exports and brand building.

Record-high rates of parboiled rice exports from India due to limited supplies and steady demand, while prices fell in Vietnam and Thailand. India’s rice output is expected to drop this fiscal year for the first time in eight years, potentially leading to export curbs to control food prices.