Pakistan’s rice exports have surged by 20% in the first 11 months of the fiscal year, earning USD 2.2 billion. Factors contributing to the increase include demand from traditional buyers, supply chain stability, and government support. Pakistan aims to enhance its position as a leading rice exporter through diversification, value addition, and quality control.

India has lowered the floor price for basmati rice exports from $1,200 to $950 per metric ton, addressing concerns of farmers and exporters while aiming to restore competitiveness in the global market.

Parboiled rice export prices from India have dropped for the fourth consecutive week due to a tax extension, resulting in decreased demand. Meanwhile, Vietnam has seen increased demand, leading to higher prices. Thailand has experienced a slight decline in prices due to various factors.

Vulnerable fishermen in Gopalganj, Bangladesh, receive free rice during the hilsa fish ban period to support conservation efforts. The distribution of 25kg of rice to 1,002 families ensures their well-being and contributes to the sustainable management of hilsa fish populations.

Essex cricketer Catherine Dalton has made history as the first woman fast-bowling coach in men’s cricket. She will join Multan Sultans in Pakistan’s Super League for the 2024 season. Dalton expressed her excitement about this opportunity to work with talented fast bowlers in the globally significant PSL.

In a noteworthy development, Pakistan has surpassed the United States and the Netherlands to become Kenya’s top export destination outside of the East African Community. This shift is credited to increasing orders for Kenyan tea, resulting in a significant 19.29% increase in trade between the two countries.

In a positive move, the Centre has revised the minimum export price of basmati rice, lowering it from $1200 to $950 per tonne. Punjab MP Vikramjit Singh Sahney appreciates the decision, emphasizing its wider economic implications and potential to alleviate concerns among basmati rice traders.

Shares of rice companies trade positively as the government plans to reduce the minimum export price of basmati rice, benefiting both industry and consumers. This move aims to address challenges faced by exporters and strengthen India’s position in the international market. (47 words)

Appreciation for Revised Minimum Export Price (MEP) of Basmati Rice as stakeholders including Punjab MP Vikramjit Singh Sahney applaud the Centre’s decision to revise the MEP from $1200 to $950 per tonnes. This move is seen as crucial in maintaining India’s position amidst competition from Pakistan in the international market. Gratitude is expressed to the Ministry of Commerce for their responsive action.

Pakistan’s Minister of Commerce, Dr. Gohar Ejaz, signed an MOU with China’s Minister of Commerce, Wang Wentao, to enhance exports, create jobs, and balance bilateral trade during a recent visit to China. The meetings with Chinese business leaders aimed to strengthen economic ties and explore investment opportunities. Various sectors such as mining, trade, hospitality, construction, agriculture, and EV infrastructure were discussed.