Tag: Basmati rice

  • Rice exports from Pakistan decline by 17.33% in first two months of current fiscal year 

    Rice exports from Pakistan decline by 17.33% in first two months of current fiscal year 

    During the initial two months of the current fiscal year, a total of 340,237 metric tonnes of rice, with a market value of $233.991 million, were exported. This marked a notable contrast with the previous year’s corresponding period, which recorded exports of 507,144 metric tonnes of rice valued at $283.056 million.  

    According to data provided by the Pakistan Bureau of Statistics, rice exports from July to August 2023 witnessed a 17.33 per cent decline in comparison to the same period in the previous year. 

    However, within this timeframe, Basmati rice exports experienced 8.29 per cent growth. Approximately 79,257 metric tonnes of Basmati rice, valued at $94.733 million, were exported, compared to the previous year’s figures of 84,709 metric tonnes at a cost of $87.480 million. 

    Concurrently, the nation achieved earnings of $39.338 million by exporting approximately 20,539 metric tonnes of fish and fish preparations, showing an improvement from the previous year when 15,922 metric tonnes of these products were exported, amounting to $38.086 million. 

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    It is noteworthy that overall food group exports in the first two months of the current fiscal year registered a modest decrease of 1.65 per cent. The total value of food commodities exported during this period amounted to $711.748 million, contrasting with the previous year’s export value of $723.696 million for the same duration. 

    On the other hand, food group imports into the country during the initial two months of the current fiscal year witnessed a substantial decline of 26.91 per cent when compared to the corresponding period of the previous year. From July to August 2023, food imports decreased from $1.783 billion to $1.303 billion. 

  • 3Qs of FY-2022: Food exports up by 18.92% to $3.961 bln: PBS

    3Qs of FY-2022: Food exports up by 18.92% to $3.961 bln: PBS

    The national food exports recorded a huge increase of 18.92 per cent during the first three quarters of the current fiscal year as compared to the corresponding period of last year, informed Pakistan Bureau of Statics (PBS).

    The PBS data showed the number increased to $3,961.469 million during July-March (2021-22) from $3,331.257 million in July-March (2020-21).

    Rice exports, with an increase of 14.96 percent, increased from $1,560.429 million to $1,793.909 million.

    The Basmati rice increased from $408.117 million to $496.389 million, which is a 21.63 percent increase. Moreover, an increase in other rice products were recorded from $1,152.312 million to $1,297.519 million, which is a 12.60 sharing growth increase.

    The fish and its related items exports increased from $303.782 million to $309.979 million which is 2.04 percent increase. About fruit exports, the PBS data revealed that the numbers increased from $378.575 million to $294.538 million, which is a 4.22 percent increase.

    The exports of vegetables increased by 1.09 percent, from $245.739 million to $248.413 million; leguminous vegetables (pulses) by 100 percent, from zero exports to $0.068 million; tobacco by 59.35 percent, from $24.736 million to $39.418 million; spices by 18.05 percent, from $70.524 million to $83.251 million; oil seeds, nuts and kernals by 131.41 percent, from $76.348 million to $176.678 million; meat and meat preparations by 1.18 percent, from $247.010 million to $249.934 million whereas the exports of all other food items increased by 56.86 percent, from $424.114 million to $665.282 million.

    Meanwhile, on a year-on-year basis, the exports of food commodities went up by 10.22 percent during March 2022 as compared to the same month last year. They were recorded at $526.466 million against the exports of $477.668 million.

  • Pakistan & India to go to war over Basmati rice rights

    Pakistan is all geared up to thwart India’s attempt to obtain branding rights for Basmati rice, The News reported.

    Advisor to PM on Commerce Abdul Razza Dawood said on Friday that the government had prepared a detailed response in the matter and would submit it before the European Union (EU) Commission on December 10. 

    He hoped the Indian’s claim on Basmati rice would be rejected in totality. “The decision is expected within a one-year period,” he added.

    We are in possession of many documents which we will present as documentary proof to the EU Commission to prove Basmati rice is our brand, the advisor told The News. 

    Dawood said India’s stance on Basmati rice was impossible to prove since Pakistan possessed every proof to foil their attempt. “The first statement will be submitted on December 19, the application will be submitted in the second round.”

    “I met with the attorney general yesterday to ensure we hire a good law firm to present our Basmati case before the EU commission.”

    Basmati is a variety of long, slender-grained aromatic rice that is traditionally grown in Pakistan and India. As of 2018-19, India accounted for 65% of the international trade in basmati rice, while Pakistan accounted for the remaining 35%.

    Many countries use domestically grown basmati rice crops; however, basmati is geographically exclusive to certain districts of Pakistan and India.