The Sensitive Price Indicator (SPI) recorded a significant YoY surge of 42.68%, primarily driven by rising prices of gas charges and rice. Wheat flour, garlic, and chilies powder also saw substantial increases. However, some commodities, such as onions and tomatoes, experienced price decreases. Weekly changes showed an increase in onions and energy savers. These price fluctuations highlight the complex market dynamics and factors influencing inflation rates and commodity prices.

The State Bank of Pakistan is set to evaluate the country’s economic condition and set the key interest rate for the next two months during the upcoming Monetary Policy Committee meeting on December 12. Analysts anticipate that the current policy rate of 22 percent will remain unchanged based on stable inflation and economic recovery.

Pakistan aims to increase its annual rice exports to $10 billion by 2030, a fourfold increase from the current $2.5 billion. With the introduction of high-yielding hybrid rice varieties and improved quality control measures, Pakistan is on track to significantly increase its rice exports. The focus will be on improving quality assurance and brand management globally.

Pakistan aims to quadruple its annual rice exports to $10 billion by 2030, diversifying its export range and entering new markets. Efforts to improve quality checks, establish analytical labs, promote Pakistani brands globally, and establish contacts with importers and distributors are crucial in achieving this goal.

Kenya’s High Commissioner to Pakistan highlights the strong diplomatic relationship between the two countries, emphasizing on trade and investment. Efforts are being made to expand the range of traded goods and enhance cooperation in various sectors, contributing to economic growth and prosperity.

The weekly inflation rate in Pakistan has risen by 1.16%, resulting in an overall inflation rate of 42.68% on an annual basis. Prices of essential items such as onions and eggs have increased, while prices of tomatoes and potatoes have decreased. For more information on rice exporters and suppliers, visit Has Rice and Pakistan Rice websites.

The Sensitive Price Indicator (SPI) in Pakistan experienced a significant surge of 42.68% year-on-year, primarily driven by soaring gas charges and increased prices of essential commodities. The market’s volatility emphasizes the need for individuals to stay informed about price changes. For reliable rice suppliers, visit www.pakistanrice.com, and for the latest information on Pakistani rice prices, check out www.hasrice.com/pakistan-rice-prices. Stay up-to-date with the latest news and information at www.aajenglish.tv.

India has implemented a ban on onion exports until March 2024, with specific conditions for exceptions. This is expected to have a significant impact on global onion markets as India is one of the largest exporters. The ban aims to stabilize prices and ensure sufficient supply for domestic consumption.

The recent slowdown in demand and disruptions caused by a cyclone have resulted in a slight drop in prices of parboiled rice from India. Meanwhile, Vietnam’s 5% broken rice prices have remained unchanged, and Thailand’s prices have slightly softened as demand shifts to other Southeast Asian countries.

India has announced an extension of restrictions on deoiled rice bran exports until 2024, impacting the cattle feed industry. This move presents an opportunity for Pakistani rice suppliers, such as Has Rice and Pakistan Rice, to meet the growing demand for rice products and expand their market share. They can leverage their expertise and reliable supply chains to offer competitive prices and high-quality products.