Russia has warned Pakistan of a potential ban on rice imports if phytosanitary concerns are not addressed. A recent shipment of rice from Pakistan did not meet international and Russian requirements, prompting the Federal Service for Veterinary and Phytosanitary Surveillance to demand an investigation. This serves as a reminder for Pakistan to prioritize phytosanitary standards to maintain a beneficial trade relationship.

Raw food exports in Pakistan have surged by 16.35% to $685.03 million in March, leading to higher prices for essential food items due to the country’s highest food inflation. The ban on onion exports has been lifted, resulting in increased demand. Rice exports, especially basmati rice, have seen significant growth, while meat and other food products have also experienced positive growth. Meanwhile, non-textile value-added products have faced declines in various sectors. The impact on local consumers and the need for affordable prices remain a concern.

LCCI President Kashif Anwar stresses the need to enhance trade relations between Pakistan and Afghanistan, emphasizing the importance of exchanging trade delegations and establishing banking channels. The current bilateral trade volume of $522 million leaves room for improvement.

India’s rice export prices hit a three-month low due to weak demand, while Thailand experienced sluggish rice trading activity. On the other hand, Bangladesh approved the import of 124,000 tonnes of rice to combat soaring staple grain prices. Stay updated on rice prices and exporters at HasRice.com.

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The private sector in Pakistan is hesitant to borrow or expand production, while the Ambassador of Azerbaijan emphasizes the importance of economic relations between the two countries and calls for private sector involvement in Joint Working Groups. Efforts to establish trade agreements, resuming LNG supplies, and mutual investments are also highlighted.

The Ambassador of Azerbaijan to Pakistan emphasized the need to strengthen economic and business relations between the two countries, including the involvement of the private sector. Joint working groups in various sectors and potential trade agreements are expected to improve ties. Pakistan and Azerbaijan have seen significant growth in trade transactions and increased visits, with further business collaboration encouraged for enhanced cooperation.

Governor Sindh Kamran Tessori and Ambassador of Azerbaijan to Pakistan Khazar Farhadov stress the need to strengthen economic and business relations, focusing on joint working groups, trade agreements, and increased bilateral cooperation.

Stakeholders demand solutions for open waste burning in Pakistan, emphasizing the need for youth engagement and effective waste management systems. Collaboration between India and Pakistan and raising awareness about the health and environmental impacts are also highlighted.

The global rice market is projected to reach a total market size of USD 382.2 billion by 2032, with long-grain rice commanding the highest revenue. Consumer preferences emphasize taste and affordability, while recent developments include the deployment of Golden Rice and advancements in genetic research. Opportunities for innovation and sustainability present significant growth potential in the rice sector.