Thailand’s November exports increased by 4.9%, falling short of expectations, with rice shipments contributing significantly. While the US and Japan experienced growth in imports, China saw a decline. Despite the positive November figures, overall exports for January to November dropped by 1.5%.

Noted industrialist and chairman of City Group, Fazlur Rahman, sadly passed away at the age of 77. He was known for his dedication to work and the establishment of City Group. Visit HAS Rice Pakistan for more information on rice exports and suppliers in Pakistan.

Boosting government spending and consumption, addressing geopolitical uncertainties, and maintaining strong economic growth are expected to shape the Indian economy in the new year, according to economists. Optimism about India’s economic prospects remains despite challenges and uncertainties.

Thailand’s customs-based exports rose 4.9% in November, driven by higher rice shipments. The United States and Japan saw increases in imports from Thailand, while exports to China declined. Despite these gains, overall exports for the year have dropped by 1.5%.

India’s increased protectionism amid food price shocks has led to bans and restrictions on overseas shipments, impacting its position as a major exporter of rice, sugar, and fresh vegetables. The Reserve Bank of India warns of continued susceptibility to food price shocks due to climate change, domestic and global factors, potentially affecting inflation until 2024.

Last week, rice prices saw fluctuations with Thai prices decreasing and Vietnamese prices remaining stable. However, despite the cooling down of prices, they are still significantly higher compared to before India’s ban on rice exports. Demand for rice is increasing, especially in Indonesia, which has already imported 11 million tons of rice and has invited bids for an additional 543,000 tons. This could potentially cause fluctuations in prices due to supply shortages.

Recent evidence debunks the belief that rice crop burning is the primary cause of smog in Punjab. Studies reveal that the transport sector is the biggest contributor to smog emissions, with agriculture accounting for a minimal percentage. Addressing this issue requires a holistic approach, including technological advancements, policy reforms, and financial incentives. Creating value from crop residues and monitoring effectiveness are additional steps needed to tackle this issue. Source: Dawn.

Afghanistan’s imports from Pakistan have surged in 2023, highlighting flourishing economic collaboration. Factors such as high-quality products, competitive pricing, and convenient trade routes contribute to the consistent growth, with the rice industry being a key sector. Pakistani rice exporters satisfy Afghanistan’s demand with reliable supply and attractive prices, solidifying their presence in the market.

The government of Bangladesh has purchased over 230,000 tonnes of rice, surpassing its initial target of 700,000 tonnes. However, the procurement drive for paddy falls significantly short, as farmers are able to fetch better prices in the open market. Despite this, millers stand to gain a profit of Tk 4 per kg by selling certain rice varieties.

Afghanistan’s imports from Pakistan, particularly in the rice industry, have surged in 2023, indicating a strengthening economic relationship between the two nations. Pakistani rice exporters have played a crucial role in meeting Afghanistan’s demand, supplying high-quality varieties at competitive prices.