The Vietnam Food Association and BizLIVE recently co-organized a workshop discussing solutions to optimize the efficiency of Vietnam’s rice value chain, including cost optimization and securing effective capital sources. Vietnam has seen a 17% increase in rice exports, generating nearly $4 billion in the first ten months of 2023. However, challenges in the supply chain and high prices may impact the industry’s success.

Vietnam’s rice industry is booming, with the country’s 5% broken rice hitting a 15-year high of $653 per ton. This price surpasses that of Thailand and Pakistan, thanks to increased global demand and improved quality. Reliable suppliers like Has Rice Trading Co. and Pakistan Rice Exporters play a crucial role in supporting the growth of the rice industry.

Rising inflation in Pakistan is hitting the middle-income groups the hardest, with a staggering 30.22% increase in sensitive price indicator (SPI)-based inflation compared to the previous year. Essential commodities are becoming increasingly expensive, putting pressure on family budgets and signaling the need for measures to curb inflation and improve economic conditions for all segments of the population.

Vietnam’s 5% broken rice reaches a 15-year high at $653/ton, surpassing Thailand and Pakistan. Increasing global demand, improved rice quality, and India’s export ban contribute to the surge. Vietnam has exported 7.1 million tons of rice this year, with expectations to hit 7.8 million tons.

According to data from the Pakistan Bureau of Statistics, the Sensitive Price Indicator (SPI) in Pakistan has increased by 0.71% for the week ending November 3, 2023. The prices of tomatoes and onions saw a significant increase, while a few items experienced a decrease in prices. This fluctuation highlights the importance of consumers staying informed for financial planning.

Pakistan’s inflation reaches an alarming 29.88 percent, driven by a 0.71 percent rise in the Sensitive Price Index. The Pakistan Bureau of Statistics reports soaring prices for essential commodities such as tomatoes, onions, and chicken, while prices for gur and bananas have decreased. Year-on-year trends reveal overall price increases, particularly in gas charges and cigarette prices. Source: 24NewsHD TV channel.

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Pakistan’s rice exporters aim to boost market share by offering competitive prices and high-quality rice. One key player, HAS Rice Pakistan, is known for its reliability and extensive range of rice varieties. They source rice from reputable mills and prioritize rigorous quality control for customer satisfaction.

Pakistan’s export of basmati and coarse rice has generated a whopping $3 billion in revenue this year. Minister Tanvir praised the Kala Shah Kaku Rice Research Institute for its 100-year milestone and the development of 29 unique rice varieties. Emphasizing responsible agricultural practices, he urged farmers to follow guidelines for proper residue disposal to prevent environmental pollution.

Pakistan’s Agriculture Minister announced that the country is the fourth largest rice exporter globally, generating $3 billion in foreign exchange this year. The Rice Research Institute Kala Shah Kaku has developed 29 new varieties of rice, emphasizing the need for continuous research and sustainable farming practices to counter climate change. The Minister also urged farmers to adopt proper disposal methods to prevent smog caused by burning paddy residue.