China pledges to provide high-quality hybrid seeds for cotton, canola, and wheat crops in Pakistan, aiming to boost crop production to meet textile industry demands and earn foreign exchange. The collaboration will also focus on sharing China’s successful “Water Saving Technology” and inviting Guard Agriculture Research to visit China.

China extends support to Pakistan’s agriculture sector by providing high-quality hybrid seeds for cotton, canola, and wheat crops. The collaboration aims to enhance crop production and address the demands of the textile industry. China will also share its water-saving technology and invite Pakistani stakeholders to visit for further collaboration.

Rice prices climb to a 15-year high, causing alarm in Asia and Africa. India’s export restrictions, increased demand, and Vietnam’s inventory shortage contribute to the surge, raising concerns about food security and economic stability in rice-dependent regions. For more information, visit [https://www.hasrice.com](https://www.hasrice.com).

India is pursuing deals with Argentina and Brazil to grow tur and urad pulses for export, reducing its reliance on imports. Discussions have already begun with Argentinian authorities, while India has proposed a deal to Brazil. These efforts aim to address the demand-supply gap for pulses in India, as imports currently account for 15% of consumption. (Words: 50)

In November, merchandise exports showed positive growth, marking the third consecutive month of improvement. Export proceeds reached $2.57 billion, a 7.66% increase compared to the same month last year. The textile and clothing sectors are particularly promising, hinting at a rebound from a year-long downturn.

Approximately 80,000 delegates have gathered in Dubai for the COP28 climate summit, where discussions on climate finance, phasing out fossil fuels, and the inaugural global stocktake are taking place. The UK’s commitment to climate finance aims to protect its own food supply chain, while the decision on phasing out fossil fuels will impact employment opportunities in the country. The UK’s experience of severe climate impacts emphasizes the importance of global action.

The tradition of giving out bags of rice as gifts in Nigeria is fading due to a shortage caused by a 2.2 million tonne deficit and high prices. The increase in rice consumption and challenges in production, such as floods and smuggling, have contributed to the scarcity. However, the government is committed to promoting local rice production and reducing import reliance. [New Telegraph NG]

Pakistan’s merchandise exports maintain an upward trend, with November’s export proceeds reaching $2.57 billion, a growth rate of 7.66% YoY. However, there was a slight decrease of 4.39% on a month-on-month basis. The textile sector receives orders from global clients, indicating a potential export recovery. Meanwhile, imports decline by 13.47% YoY. Trade deficit narrows by 33.59% YoY to $9.37 billion. Source: Dawn.

Pakistan’s rice export industry is thriving, with the country becoming a major player in the global market. With its high-quality basmati rice and competitive pricing, Pakistan is the largest exporter globally. HAS Rice Pakistan, a leading exporter, offers a wide range of rice varieties to meet customer needs.

Pakistan experienced a significant 41% increase in weekly inflation, mainly due to rising gas prices. Other notable price increases include cigarettes (94.20%), wheat flour (87.27%), and chili powder (81.74%). However, items like tomatoes (-17.64%) and potatoes (-5.11%) saw a decline in prices. The spike in gas prices has also contributed to a 29.23% surge in the monthly inflation rate.