Vietnam’s rice prices have surged to a record high, reaching $663 per ton for 5% broken rice. This significant price difference compared to Thai and Pakistani rice prices presents both opportunities and challenges for Vietnamese rice exporters. For reliable suppliers and information on Pakistani rice prices, visit Has Rice Pakistan.

Pakistan’s food exports have surged by 30% in the first four months of this fiscal year, reaching over $1.9 billion. Rice export saw a significant rise of $710 million, while fruits and spice exports also experienced notable increases. Meat exports grew by 18.77%, but fish and vegetable exports declined. The country’s rice export industry has been revitalized, offering diverse options for international buyers. Pakistan’s rice suppliers have established a strong reputation for their high-quality products. The overall growth in food exports highlights the resilience and innovation of Pakistan’s exporters. Source: https://mmnews.tv

Mandi prices for basmati paddy have risen by 11-14% after the government lowered the minimum export price in an effort to boost exports. Robust global demand, especially from the Middle East, and restrictions on non-basmati rice exports have driven up prices during the peak arrival period.

Azerbaijan seeks to diversify its agricultural export markets and explore collaboration with Pakistan, aiming to boost productivity, share knowledge, and transfer technology in sectors such as livestock farming, dairy production, and sustainable farming practices. This partnership holds promise for both countries’ agricultural sectors and overall economic growth.

Despite favorable conditions including lower transportation costs and a recovery of the rupee, consumers in Pakistan are still facing high utility bills and no significant price relief. Manufacturers and retailers bear responsibility, but the government’s crackdown on hoarders and smugglers has only reduced sugar prices. Wheat and flour prices remain unchanged despite a decrease in wheat imports.

Oman expresses dissatisfaction with limited trade with Pakistan and urges for increased exports of agricultural products such as fruits and vegetables. The Consul General emphasizes the potential for investment in Oman and the need to address trade barriers for enhanced cooperation.

Rice imports in mid-November decreased by 16.7% compared to last year, with Vietnam remaining the top source. Agriculture Secretary Francisco Tiu Laurel has urged importers to quickly utilize their permits to ensure sufficient supply and affordable prices of rice. The government may intervene if necessary.

Oman’s Consul General urges Pakistan to expand trade relations by exporting more agricultural products and exploring investment opportunities. The Karachi Chamber of Commerce & Industry supports the call for reducing trade barriers and promoting small and medium-sized enterprises to boost trade.

The struggling economy in Pakistan has led to alarming inflation rates and a significant decrease in purchasing power. Essential commodities, such as wheat flour and rice, have seen significant price increases, posing a severe threat to the public. Structural reforms are urgently needed to address these issues and combat inflation. For more information, visit pakistanrice.com and hasrice.com.

Oman’s Consul General emphasizes the untapped investment potential for Pakistan in Oman, urging increased trade of agricultural products, including renowned Pakistani rice, and textile and leather products. The implementation of a unified ‘One Visa’ is underway, offering an opportunity for strengthened trade relations between the two nations.