Food grain exports from Pakistan have surged by $4 billion, benefiting the country’s food industry and showcasing its potential in the global market. However, rising energy costs and the need to explore new markets pose challenges. Collaboration between the government and food industry is vital for growth, development, and reducing reliance on external financial support.

Indonesian authorities are addressing a rice shortage by importing up to 3.6 million tons from countries like Thailand and Pakistan. The delay in the harvest season, along with severe droughts, has caused soaring prices and distress among consumers. Measures including price caps and providing rice to impoverished families are being implemented to alleviate the shortage.

Despite being a major rice supplier to Senegal, Vietnam’s modest rice exports to the country saw a significant increase of 215% in 2023. However, Senegal still imports a large amount of rice, particularly low-priced broken rice, from various countries including Vietnam. The Senegalese government has implemented measures to maintain purchasing power amid rising food prices.

Vietnam’s rice exports to Senegal have seen a significant 215% increase in 2023, but still remain small compared to other suppliers. Despite this, there is potential for further expansion in the future, as Vietnam is a leading global rice exporter.

Scientists in South Korea have successfully grown beef cells in rice grains, a breakthrough that could transform the meat industry. If further developed, beef rice could provide a sustainable and environmentally friendly protein source. However, challenges remain in replicating the flavor and texture of real beef.

Iran’s Ambassador suggests declaring Gwadar and Chabahar as sister ports to strengthen maritime connections and trade between Pakistan and Iran. The bilateral Free Trade Agreement is expected to double the current trade volume of $2.5 billion, while the Pakistan-China trade corridor and Belt and Road Initiative projects offer further integration opportunities.

JA Solar, a leading manufacturer of high-performance PV products, has signed MOU agreements with Garibsons, SM Solar, and Wasiq Traders during Solar Pakistan 2024. This collaboration will supply a total of 600MW in PV modules, supporting Pakistan’s transition to greener energy and promoting sustainable solutions.

The Ambassador of Iran to Pakistan is optimistic about finalizing a bilateral Free Trade Agreement during the upcoming visit of Iranian President Ebrahim Raisi. This agreement is expected to boost mutual trade between the two countries, with the potential to double the trade volume to reach $5 billion in the coming years. The ambassador also emphasized the importance of the Pakistan-Iran gas pipeline and suggested stronger air, maritime, and sea links between the two countries. Source: nation.com.pk

Rates of parboiled rice exports from India have dropped as buyers seek cheaper options elsewhere, while Thailand’s weaker baht adds pressure. India’s top exporter, now quoting 5% broken parboiled rice at $548-$555/MT, has seen reduced contracts due to higher levies. Thailand’s rice, priced at $615/MT, faces competition from Vietnam, causing exporters to lower prices.

Discover the pivotal role of rice in Pakistan’s agricultural landscape, with the country contributing approximately 9.10% to the world’s rice trade, amounting to $30 billion annually. Ongoing research on hybrid rice seeds shows promise for increased productivity, while challenges such as weed growth are addressed for optimal rice production. Don’t miss companies like HAS Rice Pakistan and Pakistan Rice, leading exporters that offer a variety of rice options and information on rice prices in Pakistan. **Source:** [Business Recorder](https://www.brecorder.com){:target=”_blank” rel=”nofollow”}