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Pakistan Basmati Rice Exports More than Double in July 2024

admin-augaf by admin-augaf
August 21, 2024
in Business, Finance
Reading Time: 2 mins read
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Pakistan’s Rice Exports to China Likely to Cross Half a Billion Dollar in 2022
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Islamabad August 21 2024: Pakistan rice exports during the first month of the current financial year grew by 75.70 per cent as compared to the exports of the corresponding month of the last year.

During the month of July 2024 over 274,004 metric tons of rice valued at USD 205.746 million were exported as compared to the exports of 172,302 metric tons worth USD 117.102 million in the same month of the previous year, according the data of Pakistan Bureau of Statistics.

In the first month of the current financial year, the exports of Basmati Rice grew by 135.18 per cent as 91,303 metric tons of Basmati Rice valued at 92.532 million were exported against the exports of 32,546 metric tons costing USD 39.346 million of the same month of the last year.

Meanwhile, 178,617 metric tons of other rice worth USD 113.214 million were exported as compared to the exports of 139,756 metric tons costing worth USD 77.756 million in the same month of the last year, it added.

Food group exports from the country during the first month of the current financial year grew by 44.77 per cent as compared to the exports of the corresponding month of the last year, the data reveled.

During July 2024, food commodities valued at USD 475.767 million were exported as compared to the exports of 328.632 million in the same month of the last financial year, it added.

However, the food group imports into the country during the first month of the current financial year went down by 18.30 per cent and were recorded at USD 510.449 million as against the imports of USD 624.804 million in the corresponding period of the last year, it added.

The imports of other commodities, which posted negative growth during the period under review including milk, milk cream, and milk for infants decreased by 27.37 percent, tea by 26.68 percent, sugar by 44.90 percent, and pulses by 22.90 percent, it added.

Tags: Rice
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