The rice export industry in Pakistan has experienced positive growth in the first quarter of the current financial year. Basmati rice exports saw a significant increase of 20.48 percent, while overall food group exports rose by 18.88 percent, contributing to the country’s economic growth.

Pakistan’s rice exporters achieve significant growth in Q1 of FY2023, with a total of 559,557 metric tons of rice worth $406.387 million exported. Basmati rice exports increase by 20.48% and food group exports rise by 18.88%. Despite a decrease in food group imports, Pakistan establishes itself as a key player in the international market. Find out more at the source article.

India’s mango exports have surged by 19% in the first five months of the financial year, reaching a value of $47.98 million. This growth highlights the efforts of the Agricultural and Processed Food Products Export Development Authority (APEDA) and the Ministry of Agriculture and Farmers Welfare in promoting and facilitating exports. The USA has emerged as a major market, while India has explored new markets in countries such as Iran, Mauritius, the Czech Republic, and Nigeria. APEDA has also organized promotion events and engagement initiatives to expand the market reach of Indian mangoes.

The value of the US dollar strengthens against the Pakistani rupee in inter-bank trade, impacting sectors like the rice export industry. Rice exporters, such as HAS Rice Pakistan, should closely monitor the exchange rate and adjust pricing strategies accordingly for profitability. For more information on rice exporters and suppliers in Pakistan, visit HAS Rice Pakistan’s website.

Pakistan’s foreign trade is in jeopardy as over 55 interceptions of rice and food items destined for the European Union have been discovered this year. These interceptions, mainly due to fruit flies and untreated rice, not only tarnish Pakistan’s reputation but also pose a threat to its exports.

The Indian government has lowered the floor price for basmati rice exports from USD 1,200 to USD 950 per metric ton, aiming to enhance competitiveness in global markets. This move comes after farmers and exporters voiced concerns about the high floor price causing shipment delays.

Pakistan, a top rice exporter, sees a surge in demand for white broken rice. Competitive pricing, high quality, and easy access to shipping routes drive its growth in international markets. The industry adapts to changing consumer preferences while new players enter the market, ensuring a promising future.

Pakistan’s foreign trade faces a critical challenge as over 55 interceptions, including mangoes with fruit flies, threaten reputation and export to the EU. A letter from Pakistan’s mission in Brussels warns of a potential ban on rice imports if interceptions persist. Aflatoxins and pesticide residues were found in rice shipments, causing health risks. The EU has set limits for aflatoxins and pesticide residues, which Pakistani food items exceed. Collaborative solutions are proposed, highlighting the need for coordinated efforts among regulatory bodies and exporters to resolve the issue.

The Indian government has lowered the minimum export price for basmati rice from $1,200 to $950 per tonne, benefiting rice exporters and suppliers in Pakistan and allowing them to compete globally. This decision reflects the government’s focus on supporting the rice industry and boosting exports.

India extends suspension on futures trading in key farm commodities until December 2024 to control food inflation and ensure food security, disappointing industry experts who believe a hedging mechanism is necessary. Impact on exchanges like NCDEX, uncertainty remains on market adaptation and implications for food security.