The rising cost of shipping is impacting rice exports from Vietnam, leading to a slight dip in prices. Traders are hopeful that the Philippines’ decision to lower import tariffs on rice will boost shipments. Vietnam’s rice exports in May dropped by 14.6% from April but showed an overall growth of 11.2% for the first five months of the year. India’s rice prices remain stable, and there is continued demand from regular customers in Indonesia and the Philippines. The government of Bangladesh plans to import 400,000 tons of rice in 2024 to address staple grain price control struggles.

Finance Minister Muhammad Aurangzeb announced higher taxes for high-income earners in the next fiscal year, while also emphasizing the need to eliminate non-filers. The move aims to strengthen tax collection and ensure fair contributions towards the country’s development.

South African consumers face hiked rice prices due to global market dynamics and the country’s reliance on rice imports. With prices soaring by 28%, South Africa’s heavy dependency on rice imports marks the need to explore local suppliers for relief.

The recent disruption in the Red Sea threatens Pakistan’s trade and economy as it heavily relies on maritime routes for over 90% of its trade volume, leading to increased costs and delays in production. Source: PkRevenue.com

Pakistan’s rice export industry is flourishing, thanks to reliable suppliers like HAS Rice Pakistan. With their high-quality offerings, including popular varieties like IRRI 6 and basmati rice, they cater to the global demand. Buyers can easily access price information on their website for a transparent transaction.

Pakistan is set to host the prestigious Khalifa International Award for Date Palm & Agriculture Innovation, in collaboration with the award organizer. The focus will be on enhancing Pakistan’s date palm cultivation, production, and processing technology. A Memorandum of Understanding was previously signed between Pakistan and the United Arab Emirates to formalize their cooperation in this sector. (Source: Gulf Today)

Seema from Karachi, Pakistan, found healthier options for her children after attending UNICEF’s nutrition counselling sessions. These sessions empower parents with knowledge and practical tips, addressing misconceptions and promoting a diverse and balanced diet for children’s growth and development.

Pakistan’s agriculture sector witnesses impressive growth, with a 6.25% increase in the fiscal year 2023-24. Key crops like wheat, cotton, and rice saw significant production increases, compensating for slight declines in sugarcane and maize. The livestock, forestry, and fishing sectors also experienced growth, contributing to the nation’s overall economic development. [Source: Daily Times]

The agriculture sector in Pakistan has experienced remarkable growth of 6.3% in FY23-24, attributed to increased production of wheat, cotton, and rice crops. The sector’s share in GDP has risen to 24%, the highest in 19 years. Challenges persist, but with improvements in finance, market systems, and research, the sector’s potential for economic growth is evident.

In a promising development, Jagat Abeywarna, the Consul General of Sri Lanka, has assured rice exporters of the removal of obstacles in the bilateral trade between Pakistan and Sri Lanka. This positive development is expected to boost bilateral rice trade and solidify Pakistan’s position in the global rice market. Rice exporters in Pakistan can leverage platforms like HAS Rice and Pakistan Rice to connect with international buyers and expand their reach.