The Ambassador of Turkiye to Pakistan anticipates bilateral trade to reach $25 billion, with a current volume of $1.3 billion falling below its potential, emphasizing the need for industrial collaborations and technology transfers to strengthen economic relations.

Pakistan and Turkiye aim to boost bilateral trade to $5 billion in the next two years, with a long-term goal of $20-25 billion. Efforts will involve leveraging multilateral platforms, introducing new visa categories, and exploring opportunities in IT services. The focus is on bridging the trade deficit and prioritizing industrial collaborations and technology transfer. Land-based cargo under the TIR convention offers faster transportation and cost savings. Both countries are determined to strengthen economic ties and create new trade opportunities.

Former Chief Minister and Leader of Opposition, Bhupinder Singh Hooda, has called on the Haryana Government to increase the quota of shellers in order to address challenges faced by farmers in selling their paddy and help them receive fair prices for their produce. Hooda also recommended lifting the ban on paddy exports and abolishing export duties to enable farmers to benefit from higher international prices. Source: Times of India

India’s decision to maintain the current floor price for basmati rice exports raises concerns among farmers and millers as it hinders export opportunities and affects farm income. The surplus stocks of the new-season variety pose challenges for growers, emphasizing the need for collaboration and proactive measures.

India’s decision to maintain the basmati rice export floor price is causing concern among farmers and millers, potentially impacting overseas sales. With India being a major exporter of basmati rice, the move could affect farm income and leave growers with excess stock. Industry stakeholders are closely watching for any future adjustments to the floor price.

India’s decision to maintain the current floor price for basmati rice exports is causing concern among farmers and millers, potentially impacting overseas sales and farm income. The decision is also complicated by restrictions on non-basmati rice exports and the fear of losing market share to Pakistan.

The Rice Exporters Association of Pakistan (REAP) has played a crucial role in setting rice standards, resulting in increased exports and remarkable growth in the industry. With a strong membership base and commitment to continuous improvement, REAP remains vital to the success of rice exporters in Pakistan.

Rice exporters in India have halted paddy purchases amid controversy over the Minimum Export Price (MEP) of Basmati rice, which remains at $1200 per tonne. This decision has sparked protests by farmers, who are also facing the impact of unseasonal rain and hail on their crops. Stay informed about these issues through Ground Report’s social media channels and website. [Source]

Nigeria’s High Commissioner to Pakistan commends the “Look Africa” initiative as a positive move towards bolstering trade ties, calling for improved communication and trade opportunities between the two nations.

The Indian government is considering a review of the minimum export price for basmati rice amidst concerns from the rice exporting industry. Currently set at $1,200 per tonne, associations are calling for a reduction to around $850 per tonne. The aim is to boost domestic rice supply and control prices.