Basmati rice has been crowned the best rice in the world by Taste Atlas. The long, slender grains offer a delightful aroma reminiscent of popcorn or roasted nuts, and its fluffy texture and nutty flavor make it a favorite choice for various rice-based dishes.

Parboiled rice prices in top exporting countries have reached a four-month high due to strong demand and limited supplies. India and Thailand have experienced significant price hikes, driven by increased demand from Indonesia and African markets. While Vietnam’s prices remain steady, Bangladesh has seen a 5 Bangladeshi Taka per week increase in prices, attributed to hoarding. Governments and industry stakeholders must work together to ensure stability and fair pricing in the rice market.

India’s cabinet ministers at the World Economic Forum in Davos stressed the country’s economic growth, government reforms, and focus on sustainable development. They invited global investors to take advantage of the vast opportunities available and affirmed India’s readiness to become a global economic powerhouse.

Despite recent air strikes between Pakistan and Iran, business and travel at the Pakistan-Iran border are continuing as usual, according to traders and locals. The border remains open for trade and travel, with no instructions given to close it. While tensions persist, trade flow at the border is currently normal, although disruptions may occur in the future.

Pakistan’s food group exports have seen tremendous growth, with a 49.84% increase in the first half of the current financial year. Rice exports rose by 76.53%, while fruits, pulses, tobacco, and spices also experienced significant growth. Overall, Pakistan’s food group exports have performed exceptionally well, contributing to the country’s positive export market. (47 words)

Côte d’Ivoire has implemented a six-month export halt on staple foods to prioritize food security and meet increased consumption during the Africa Cup of Nations. The export ban covers various agricultural products and follows prior embargos on rice and sugar exports in efforts to address the high cost of living and ensure a steady domestic food supply.

Parboiled rice prices soar in top exporting countries due to limited supply and strong government buying. India’s 5% broken parboiled variety hits a 3-month high, while Thailand and Vietnam experience price surges amid high demand from Indonesia and African markets. Bangladesh also sees a 5 Bangladeshi Taka increase, prompting government action.

Pakistan’s current account has achieved a surplus of $397 million in December 2023, attributed to lower commodity prices and domestic demand compression. This improvement is driven by a $2.8 billion decrease in the current account deficit, with notable gains in the goods’ trade balance. However, challenges remain with declining textile exports and workers’ remittances.

Indonesia’s state purchasing agency, Bulog, has launched an international tender for 500,000 tonnes of white rice to address the increasing demand caused by severe droughts. Rice from various countries is accepted, with delivery expected in February and March. This initiative is part of Indonesia’s ongoing efforts to meet the country’s rice demand.

Agriculture expert Khan Faraz emphasizes the need for innovation in Pakistan’s agriculture sector to boost production and economic growth. Technologies such as biotechnology, genomics, digital agriculture, and organic farming could address farmer challenges and improve productivity. The success of the Green Revolution highlights the importance of high-yielding varieties, fertilizers, pesticides, and improved irrigation systems. Striking a balance between economic and ecological aspects is crucial, with sustainable practices and nature positivity at the forefront. Incorporating innovative practices in the industry can solidify Pakistan’s position as a leading rice exporter.