The global rice market is facing a crisis due to India’s export bans, causing a severe shortage and a 12-year high in rice prices. Developing nations heavily reliant on rice exports are particularly affected, leading to increased food costs and potential instability. US rice farmers are also feeling the impact, prompting the approval of $250 million in funding to support them. A collective, globally coordinated response is necessary to prevent a future rice megacrisis. [Source: BNN Breaking]

The surge in Pakistan’s raw food exports has led to a significant increase in prices for domestic consumers. Food inflation reached 28.8% in December 2023, affecting the accessibility of essential commodities. Efforts are needed to stabilize prices and ensure affordability for the local population.

A delegation from Rwanda recently met with the Lahore Chamber of Commerce and Industry in Pakistan to discuss trade and investment opportunities, highlighting potential collaborations in various sectors such as agriculture machinery, pharmaceuticals, and IT. The President emphasized Pakistan’s strengths in pharmaceuticals, automotive, furniture, gems and jewelry, construction materials, and safety equipment, while the Commercial Attaché expressed a desire to establish a presence in Pakistan.

Pakistan’s food exports surge to $3.8 billion in H1, offering hope amidst economic uncertainties. Agriculture’s role as Pakistan’s economic backbone is demonstrated by the growth in the rice sector, driven by the ban on Indian exports. Balancing export momentum with domestic food security remains a challenge, but also presents opportunities for growth.

Arsenal’s head coach, Mikel Arteta, provides injury updates on Gabriel Magalhaes and Declan Rice after their 5-0 win against Crystal Palace. Rice felt discomfort in his hamstring while Gabriel suffered a knee issue. Arsenal’s upcoming match against Nottingham Forest may pose a challenge as they already have multiple sidelined players.

The Regional Passport Office in Hyderabad has revised its appointment schedule for January 22 due to a half-day holiday declared by the Government of India. Applicants with slots starting at 8.45 am should now report at 2.45 pm, and so on. It is important for applicants to plan accordingly or reschedule their appointments if necessary.

Don’t miss the Rice Owls vs. Temple Owls AAC basketball matchup in Philadelphia this Saturday at 2 p.m. EST. Both teams are determined to secure a victory in this exciting game. Stay updated on the latest sports news with The Sports Moment newsletter.

Weekly inflation in Pakistan reaches eight-month high at 44.64%, driven by increased prices of energy and food products. Despite a robust interest rate of 22%, inflation remains resilient, causing alarming hikes in various commodities. More details at the source.

Wheat stocks in government warehouses are at a seven-year low but still higher than the required buffer, ensuring no immediate concern. Government measures include export bans and restrictions on large retailers, with imports potentially necessary in the future. Source: Indian Express

The District Price Control Committee in Faisalabad has announced new prices for essential commodities, including rice, grains, lentils, flour, and meat, benefiting the general public. For more information on rice exporters and suppliers in Pakistan, visit Has Rice and Pakistan Rice.