Pakistan rice exports surge by 28 percentStaff Writer | October 28, 2017
Pakistan's rice exports surged by 28.74 percent during the first three months of the country's current fiscal year starting from July 2017.
Food trade The PBS said rice exports jumped
The PBS said rice exports from the country jumped to 621,094 metric tons during the period as compared to the exports of 482,445 metric tons of the same period last year.
During the period under review, rice worth $320.242 million were exported as compared the exports of $242.694 million of the same period last year.
Exports of the "Basmati" brand rice grew by 2.43 percent and reached at 86,672 tons valuing at $90.31 million in the three months as against 92,321 metric tons worth $88.772 million of the same period last year, said the statement.
In the said period, about 534,442 metric tons of rice other than basmati worth 299.321 million dollars were exported as against the exports of 390,124 metric tons valuing 153.922 million dollars of the same period last year.
During the last fiscal year from July 2016 to June 2017, Pakistan's total rice exports dropped by 17 percent year-on-year in terms of quantity, and 15 percent in terms of revenue earned. ■