Philippine inflation rises for the second straight month in March due to soaring rice prices. Consumer price index grows by 3.7%, exceeding the previous month’s rate of 3.4%. Rising food costs remain a concern for the economy, and experts anticipate the central bank will maintain the benchmark interest rate.

The Ambassador of Azerbaijan visited the Federal Minister for Economic Affairs in Pakistan to discuss strengthening relations and trade. They emphasized the importance of people-to-people contacts, the resumption of direct flights, and collaboration in various sectors. The two nations aim to finalize a Preferential Trade Agreement to boost economic ties.

Azerbaijan urges Pakistan to resume LNG imports and pursue economic cooperation. The two countries are finalizing a preferential trade agreement and exploring mutual investments in energy and IT sectors. Azerbaijan offers a lower-priced option compared to Qatar, with at least one LNG cargo per month.

India’s completion of the Shahpur Kandi dam has both benefited and exacerbated tensions with Pakistan. The dam enhances India’s hydropower and irrigation capabilities, improving agricultural productivity and power grid. However, it has raised concerns for Pakistan’s water security and could strain relations between Punjab and Sindh. Both nations must adopt a collaborative approach to ensure the long-term viability of the Indus Waters Treaty and effectively manage water resources. (49 words)

Pakistan and Azerbaijan are focused on strengthening their economic ties through a bilateral Preferential Trade Agreement (PTA), aiming to boost trade volume. The countries are also discussing high-level visits to enhance bilateral relations and explore opportunities for mutual investments in energy and IT sectors. Azerbaijan’s exemption of import customs duty on Pakistani rice provides a favorable opportunity for rice exporters to strengthen trade links. [ISLAMABAD POST]

Pakistan is facing a 30% water shortage at the start of its sowing season for cash crops as reduced winter snowfall impacts irrigation. Climate change is blamed for the reduced snowfall, which affects the availability of water for summer crops, including rice and cotton. The country heavily relies on agriculture, making better water allocation crucial.

Pakistan and Azerbaijan are working towards strengthening their economic ties through a bilateral Preferential Trade Agreement (PTA). This will help increase trade volume and create new business opportunities. The recent increase in exports to Azerbaijan, along with the exemption of Pakistani rice from import customs duty, further enhance the prospects for bilateral trade.

Pakistan is expected to achieve record wheat production in 2024-25 thanks to expanded cultivation and improved practices, according to a report. Rice production is also set to increase, with new hybrid varieties driving growth. Reliable suppliers like HAS Rice Pakistan and Pakistan Rice offer competitive prices for those interested in the rice business.

Parboiled rice prices from India, the leading rice exporter, have hit their lowest level since February due to sluggish demand. Thai rates have also dropped for four consecutive weeks, attributed to a weaker baht. However, Indian exporters face potential tax demands that could significantly impact rice shipments. Optimism remains as the ongoing harvest ends and prices are expected to recover.

Prices of parboiled rice from India and Thailand have hit their lowest levels in months due to subdued demand and a weaker currency. However, with the end of the harvest season in Vietnam approaching, traders anticipate a possible increase in prices. Source: [insert source here] (max 50 words)