As the 2023 Cricket World Cup continues, teams are vying for a spot in the semi-finals. Net run rate could be crucial in deciding the rankings, making wins alone not always enough. Each team must strategize and perform their best to secure a place in the final four.

Pakistan Rice Exporters Association (PREA) is actively promoting Pakistani rice in international markets to boost exports. With a target of exporting four million metric tons of rice this year, PREA aims to showcase the quality and diversity of Pakistani rice in trade exhibitions and fairs worldwide.

The Consul General of Indonesia and a group of Pakistani business delegates attended the Trade Expo Indonesia, highlighting the growing trade relations between the two countries. Bilateral trade between Indonesia and Pakistan has increased significantly, with Pakistan being a major importer of Indonesian palm oil. The visit to the expo reflects the potential for a dynamic shift in trade relations. Source: Islamabad Post.

India has lifted restrictions on rice exports to Nepal, allowing the export of 95,000 tonnes of non-basmati white rice. This move is part of a 1.03 million tonne export quota granted to seven countries, including Nepal, to alleviate pressure on the local grain market. This decision aims to reduce Nepal’s reliance on rice imports from India, which has been ongoing for the past decade.

China’s exports to North Korea surged in September, with shipments increasing by 15.9%, driven by essential wig production materials and agricultural products. The total value of exports reached $188.7 million, indicating the robust trade relations between the two countries and the growing demand in North Korea.

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Sugar mills are pushing for the removal of export limitations, citing the significant price difference between international and domestic markets. While this move may have negative repercussions for certain sectors, the government remains committed to maintaining a stable sugar price, according to the food secretary.

India has lifted export restrictions on non-basmati white rice, allowing the export of 95,000 tonnes to Nepal, along with six other countries. This decision aims to stabilize the local grain market by reducing the pressure on domestic supply and meet Nepal’s food requirements. Source: Global Green News.

Pakistan’s food exports have surged by 18 percent in the first quarter of FY 2023-24, reaching an impressive $1.28 billion. The depreciation of the Pakistani rupee, disruptions in the global supply chain, and rising international prices have contributed to the increased demand for Pakistani food products. Notably, basmati rice exports grew by 20.48 percent, while meat exports soared by 20.05 percent. Fish, fruit, and spice exports also witnessed significant growth.

The Pakistan Rice Expo in Karachi showcased the country’s rice industry, connecting rice exporters with potential buyers. The event featured a variety of rice, including the renowned basmati rice, while highlighting the competitiveness of Pakistani rice in the international market.