India’s top basmati rice exporter, KRBL, saw a 28.1% decline in Q2 profit due to weakness in the agricultural segment. Decline can be attributed to the imposition of the minimum export price on basmati rice. Despite this, KRBL has consistently reported increased profit over the past five quarters.

Pakistan emerges as one of China’s top rice exporters in 2022, with a 14.12% year-on-year growth reaching $456 million. Pakistan benefits from cheap freight, competitive prices, and high-quality products, making it a reliable supplier to China.

India’s soymeal exports are set to increase due to concerns over Brazil’s soybean output, leading to higher global prices and greater demand for Indian soymeal. This boost in exports will positively impact soybean crushing in India and reduce its imports of soyoil and palm oil.

India’s top basmati rice exporter, KRBL, faced a 28.1% fall in Q2 profits due to agricultural weakness. The company’s consolidated net profit dropped to 1.53 billion rupees, with the agricultural segment accounting for 95.2% of sales. Imposition of export price regulations impacted the segment, but a recent reduction in minimum export price is expected to boost basmati rice shipments.

India’s rice stocks have doubled, ensuring a comfortable supply for the domestic market. With a surplus of 19.7 million metric tons, India’s second-largest rice producer can meet local demand, despite anticipating a decrease in this year’s crop. Additionally, wheat stocks in state warehouses exceed the target, providing an opportunity to offer more supplies and control prices.

The UAE may soon import white rice from India under a new arrangement, potentially leading to price benefits of 10-27% for consumers. The National Cooperative for Exports Ltd. (NCEL) aims to eliminate middlemen and ensure transparent ordering and delivery, lowering retail prices in the UAE.

Pakistan’s grain and product exports to China increased by 14.12% in 2022, reaching $456 million. Sesame exports, valued at $56.446 million, saw a 41% rise, while broken rice for animal feed also experienced increased demand. The China Import Food Summit at the CIIE offers a valuable opportunity for Pakistani exporters, with Muhammad Omair aiming to expand his sesame exports via an exhibition stand.

Pakistan has emerged as one of the top 10 grain exporters to China, with $456 million in exports, reflecting a 14.12% growth compared to the previous year. Sesame and rice are key products, and Pakistani traders are taking advantage of the lucrative Chinese market at the China International Import Expo. Source: The Express Tribune.

The High Commissioner of Kenya, Nyambura Kamau, assures rice exporters in Pakistan of addressing trade barriers and finding solutions to enhance trade relations between the two countries.

Nepra has announced a positive tariff adjustment for Discos in September 2023, with a financial impact of Rs 5 billion. The decision follows a public hearing where violations of the Economic Merit Order were found. Stay updated on these tariff adjustments through the provided source.