The US Department of Agriculture has revised its rice import forecast for the Philippines, indicating that improved harvests may result in a smaller total inflow of imported milled rice in 2024. Despite dry conditions caused by El Niño, a larger crop has led to a lowered import forecast of 3.9 million MT, down from 4.1 million MT.

China’s contribution to advancing hybrid rice cultivation in Pakistan is highly praised, as it plays a significant role in revolutionizing the country’s agriculture. This collaboration aims to enhance local production capabilities, reduce imports, and explore export opportunities. With the adoption of advanced agricultural technologies, Pakistan aims to achieve food security, economic stability, and export growth.

Iran’s export of non-oil products to Pakistan increased by 39% in value, reaching over $2 billion. Meanwhile, imports from Pakistan to Iran saw a slight decline due to increased domestic rice production. Iran and Pakistan aim to achieve $5 billion in bilateral trade, emphasizing their strong trade relationship.

In the midst of the Gaza crisis, a scandal has emerged in Islamabad, Pakistan, where individuals posing as ‘muftis’ are exploiting the tragedy for personal gain. These deceptive individuals are soliciting money from families interested in adopting orphaned children from Gaza, but disappearing once they receive payment. The Ambassador of Palestine to Pakistan has urged citizens to be cautious and not fall victim to these schemes. Exploiting humanitarian crises for financial gain is deeply troubling. source: Source

Chief Minister Maryam Nawaz Sharif celebrates the significance of Besakhi in Punjab’s culture, sending warm wishes to the Sikh community. Special ceremonies and events have been organized to welcome Sikh pilgrims from around the world, ensuring a memorable experience for them. Punjab’s government prioritizes providing the best environment and facilities for Sikh pilgrims’ cultural and religious tourism.

Thailand’s government seeks to boost rice exports to the Philippines, capitalizing on the country’s growing demand for imports. The Commerce Minister intends to negotiate a deal to sell more Thai rice, leveraging its competitive pricing and superior quality in the market.

Pakistan closely monitors unfolding events in the Middle East, stressing the importance of international efforts to prevent hostilities escalation. Urging a ceasefire in Gaza, Pakistan highlights the dangers of the attack on an Iranian consular office in Syria, emphasizing the need to stabilize the situation and restore peace.

Thailand’s rice export prices have risen due to strong demand from Indonesia, with 5% broken rice prices quoted at $585 to $590 per ton. On the other hand, Indian rice rates remain low, while Vietnam’s prices have remained stable. Bangladesh has allowed private traders to import rice to control elevated prices.

Nearly 3,000 Sikh pilgrims from India have arrived in Pakistan to take part in the three-day Baisakhi Mela festivities. They will visit Sikh religious sites and attend celebrations in Nankana Sahib. The district administration has made comprehensive arrangements for their stay. Pakistan’s hospitality is appreciated, and stronger ties between the two nations are emphasized.

Strong demand from Indonesia has caused prices of rice exported from Thailand to increase. Meanwhile, Indian exporters face a tax demand that may affect rice shipments. Vietnam’s prices remain unchanged due to limited supplies and rice production challenges. Bangladesh experiences high prices despite good yields and record reserves.