Global Rice News

Over 3.198 million metric tons of rice valuing $1.794 billion exported during 10 months of current financial year as compared the exports of 3.526 million metric tons worth $1.817 billion of the corresponding period of last year.

During the period from July-April, 2020-21, exports of rice witnessed about 3.69 percent decline as compared the exports of the same period of last year.

According the data of Pakistan Bureau of Statistics, about 514,453 metric tons of Basmati rice valuing $475.100 million also exported during the period under review as against the exports of 741,417 metric tons worth $661.011 million of same period last year.

However, local exports of rice other than Basmati during the period under review grew by 10.28 percent as country managed to fetched $1.274 billion by exporting rice.

Over 2.6 million tons of rice of other verities valuing $1.274 billion exported during last ten months of current financial year as compared the exports of 2.785 million tons valuing $1.156 billion of same period of last year.

It may be recalled here that rice is among the major cash crop of the country and an important component of exports earning, besides the local output of rice during last season had witnessed significant growth of 13.6 percent.

During last 10 months of current financial year exports of local food group witnessed nominal reduction of 0.42 percent as it was recorded at $3.718 billion as compared the exports of $3.734 billion of same period of last year.

Pakistan’s exports to EU rise 17.4pc

Adviser to Prime Minister of Pakistan for Commerce and Investment, Mr. Abdul Razzak Dawood went to Twitter yet again to highlight the fact that Pakistan’s exports to the European Union (EU) for the current fiscal year, July to April 2021 have increased 17.4 percent reaching $7.5 billion compared to $6.4 billion same periods in last fiscal year.

According to Mr. Dawood, the major export destination for Pakistani products in Poland, accounting for 23 percent, followed by Sweden and Netherlands accounting for 21 percent, Germany accounting for 19 percent among others.

He said, “EU is a very important market for us, and we greatly appreciate the tireless efforts of our exporters for making this possible under very difficult conditions.”

He commended the efforts of the Ministry of Commerce and trade officers and urged them to provide even greater facilitation to our exporters & Investors.

APP with additional input by GVS News Desk
Source: https://www.globalvillagespace.com/rice-exports-decline-in-10-months-of-fy2020-21/