Pakistan’s food exports have soared by 18% in Q1 FY2023-24, valued at $1.28 billion. Basmati rice exports saw the most significant increase, up by 20.48% due to India’s ban on rice exports. Additionally, fish and fish products, meat, fruit, spices, and oil seeds demonstrated remarkable growth.

Pakistan’s food group exports in the first quarter of 2023-24 increased by 18.88%. Rice, fish, fish preparations, fruits, and leguminous vegetables contributed to this growth, highlighting the country’s competitiveness in international markets. (50 words)

Pakistan’s food exports have surged by over 18% in the first quarter of FY24, reaching $1.28 billion. Factors such as currency depreciation, supply chain disruptions, and international market conditions have contributed to the growth. Rice, fish, meat, fruits, spices, and sugar have experienced notable increases, presenting opportunities for exporters and suppliers to capitalize on the rising demand. For more information, visit www.hasrice.com and www.pakistanrice.com. (Source: Dawn)

Pakistan’s exports in Q1 FY 2023-24 surged by 25.54%, reaching Rs2,013,533 million, driven by key sectors like knitwear, readymade garments, and bed wear. Rice exporters and suppliers, such as Has Rice and Pakistan Rice, played a significant role in this export growth, contributing to the success of Pakistan’s rice industry.

India agrees to export 170,000 tonnes of non-basmati white rice to Malaysia, addressing the recent shortage issue. This demonstrates India’s commitment to supporting friendly countries in safeguarding domestic food security and alleviating rice shortages globally.

Indian rice exporters are urging the government to implement a flat export duty of $80 per tonne for parboiled rice to facilitate trade, reconsider the export ban on white rice, and reduce the minimum export price for basmati rice to prevent negative impacts on farmers and export volumes.

In a welcome move, AIREA ends strike, allowing traders to procure paddy, providing much-needed relief to farmers. The decision comes after a deadlock over the minimum export price of basmati rice. While the issue remains unresolved, the association prioritizes the farmers’ interests.

Pakistan’s export sector has seen a remarkable growth in Q1 2023-24, with a 25.54% increase in exports. Rice exporters like HAS Rice Pakistan have played a significant role in this growth by offering high-quality products and maintaining competitive prices.

Pakistan’s food exports surge by 18%, reaching $1.28 billion in the first quarter of FY24, driven by factors such as the depreciation of the Pakistani rupee, disruptions in the supply chain, and higher international prices. Basmati rice exports and meat exports experience significant growth, while fish and fish products exports also see a positive growth rate. The positive export growth reflects the strong potential of Pakistan’s food industry in the global market.

Chairman of the PHHSA, Shahzad Ali Malik, highlights the need for sustained reforms to boost agricultural exports in Pakistan, with a focus on improving competitiveness, productivity, and diversification. Expanding into new markets, enhancing quality standards, and complying with international trade regulations are crucial for growth.