Good news for consumers as rice prices have significantly decreased, making essential food items more accessible and affordable. Tota Basmati rice saw the most significant reduction, dropping 70 rupees per kilogram. Special Biryani rice and Super Kernel Basmati rice also became more budget-friendly with price reductions of 50 and 40 rupees per kilogram, respectively. Sila Basmati rice and old super-tainted rice are now more affordable, offering relief to consumers. Find more information about rice exporters on hasrice.com. (Source: Bol News)

Farmers in Jamwah and Jam Sahib areas protest the non-supply of irrigation water, causing significant crop damage and financial losses. Allegations of corruption against irrigation officials intensify the situation, demanding action from the chief minister to rectify the issue and prevent an economic catastrophe.

The Ministry of External Affairs acknowledges an emerging objective view in Pakistan after former Prime Minister Nawaz Sharif admits to violating the Lahore Declaration during the Kargil War, thus revealing fault on Pakistan’s part.

North Korea stirs anger by sending balloons filled with trash and excrement to South Korea, prompting a strong response. The move is seen as retaliation for a propaganda campaign by North Korean defectors.

Nine leading Pakistani companies showcased their products at SIAL Shanghai 2024, highlighting the country’s agricultural heritage and emerging capabilities in food processing and logistics. With a focus on quality and variety, the exhibitors aimed to attract buyers from China and beyond, showcasing their expertise in international shipments and presenting high-quality rice varieties, frozen meals, and other food products.

Reducing tariffs on imported rice raises concerns among FFFCI and SINAG as they believe it won’t benefit consumers. They call for focus on strengthening agricultural production and improving infrastructure to support local farmers.

Pakistan’s Acting President emphasizes the need for maximum relief in the upcoming budget, as the country’s rice exports grow by 80.13% in the current financial year. This growth showcases Pakistan’s potential as a major rice exporter and highlights the presence of reliable rice suppliers meeting global demand.

The prices of rice from Thailand and Vietnam have slightly decreased due to lower demand and increased supplies, while rates for rice from India remain steady, driven by strong demand from African countries. Indian rice continues to be competitive in the market due to its affordable pricing. (Source: BRecorder)

India has surpassed the UAE to become Kenya’s second-largest source market, fueled by stabilizing petroleum prices. Imports from India increased by 9.89 percent in Q1 2023, helping India reclaim its position as Kenya’s second-largest import partner and diversify the country’s import sources.

April 2024 witnessed a significant decrease in CPI-based annual headline inflation, easing the pressure on the economy. The improvement in annual food inflation, reaching single digits for the first time in two and a half years, is also a positive development. Stable or declining prices of staple cereals and fluctuations in non-cereal food prices provide valuable insights, while the improving Terms of Trade indicate a positive shift in the country’s trade balance.