The Middle East and Africa basmati rice market is witnessing significant growth due to the increasing demand for aromatic rice varieties and rising consumption in the region. Factors such as the popularity of Asian cuisines, health-conscious consumers, and importing countries like Saudi Arabia and UAE contribute to the market’s expansion. India and Pakistan are the primary exporters. The market can be segmented based on form and country. Leading companies include Adani Group and Kohinoor Foods Ltd. Visit the source article for more information.

Delays in shipping and testing procedures have hindered Sri Lanka’s use of the full quota for Basmati rice imports from Pakistan under the FTA. This has created a perception gap between the two nations, with only around 300 tonnes imported in recent years due to clearance delays. Trade Minister Nalin Fernando plans to address the issue by excluding the Batalagoda Rice Research and Development Centre from the process.

Pakistan’s agriculture and food exports have surged by an impressive 64%, contributing to a reduction in the trade deficit. Rice exports have almost doubled, and other agricultural products, such as maize and meat, also experienced significant growth. Continued government support and exploration of new markets are expected to further boost the agriculture sector’s potential in the country’s economy. Source: Dawn.com.

Pakistan’s agriculture and food exports have soared by 64%, contributing to a significant reduction in the country’s trade deficit. With government support and new market exploration, rice exports alone have the potential to exceed $3 billion this fiscal year, positioning Pakistan as a major global player in agricultural exports.

Get exclusive market insights on the European markets with Bloomberg Markets Today. Explore the latest developments and trends in the thriving rice industry in Pakistan and find reliable rice exporters like HAS Rice. Their website has detailed information on various rice varieties and export prices to facilitate smooth transactions. Stay up to date by visiting hasrice.com.

Exports of agro and food products from Pakistan have surged by 64% in the first six months of the current fiscal year compared to the previous year. Notably, December witnessed a remarkable growth of 118%, with food products worth $882 million being exported.

Pakistan’s exports of agro and food products have surged by 64% in the first half of FY2023-24, with a remarkable growth of 118% in December. Sesame seed exports increased by 278%, maize/corn by 208%, and ethyl alcohol by 497%. The Chief Executive of TDAP anticipates reaching the target of $6 billion in agro exports for the current year.

Pakistan’s merchandise exports reached an 18-month high in December 2023, with a robust 22.21% increase compared to the same period last year. The textile sector leads the way, while the non-textile sector experiences unprecedented growth in food goods exports. The government aims to achieve export-led development goals through the Special Investment Facilitation Council (SIFC). (Source: [link])

Australia dominates opening day of final Test against Pakistan at SCG with Pat Cummins taking 5-61. Pakistan fight back through Aamer Jamal to post a total of 313. Exciting start, with the second day promising an intriguing battle.

The Basmati Rice market is projected to experience long-term value and growth due to its superior aroma, delicious taste, and distinct flavor. Key players in the industry are making efforts to ensure that Basmati rice is more affordable and accessible to consumers, contributing to the market’s expansion.