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Ease In Rice Export Restrictions Helping Domestic Prices Ahead Of Harvest

BW Online Bureau India is the leading exporter and grower of basmati rice, followed by neighboring Pakistan. Rice prices have shown signs of uptrend after India removed export restrictions and opened new business avenues for exporters. The removal of trade barriers has helped Indian rice exporters regain competitiveness in the overseas markets. According to traders, […]

Rice battle heats up as India, Pakistan lift export curbs

Exporters fear a pricing war as the South Asian rivals lift restrictions on global sales of rice. By Abid Hussain Islamabad, Pakistan – The global prices for different varieties of rice dropped on Monday after India and Pakistan made tit-for-tat moves to eliminate price caps and resume rice exports. On Saturday, the Indian government lifted […]

Punjab Approves New Basmati Rice Varieties to Increase Production

The Punjab Seed Council has officially approved two new basmati rice varieties, promising a 50% increase in yield compared to currently cultivated types. These new varieties are expected to produce between 60 and 65 maunds per acre, significantly improving the current average yield of 40-45 maunds per acre. At the Annual General Meeting on Tuesday, […]

Euricom forms Pakistan rice venture

The Italy-based business will own 50% of the new venture. Dean Best Euricom, the Italy-headquartered rice supplier, has set up a new venture in Pakistan to bolster its basmati business. The company has formed Fatima Euricom with local business Fatima Rice Mills. Financial terms were not disclosed. The Fatima Euricom venture will own the “most […]

Russia, Pakistan Barter Lentils for Rice Amid Payment Struggles

By Bloomberg News A Russian company will export chickpeas and lentils in exchange for tangerines and rice from Pakistan amid difficulties in cross-border payments due to Western sanctions, Tass news service reported. Under an agreement signed at the Pakistan-Russia Trade and Investment Forum in Moscow on Tuesday, Russia’s Astarta-Agrotrading will supply 20,000 tons of chickpeas […]

Agriculture: Water scarcity — an irrigation crisis

Water has become the most crucial limiting factor for Pakistan’s agricultural growth. Despite the availability of millions of acres of barren land, particularly in Balochistan and Punjab, the country’s cultivated area could not be expanded in the past due to the scarcity of surface and quality groundwater. In Pakistan, water scarcity is an increasingly important […]

REAP chairman hails removal of Minimum Export Price cap

Rizwan Bhatti KARACHI: With the removal of the Minimum Export Price (MEP), Pakistani rice traders can now export without price restrictions, enabling them to better compete with India in the global market. Chairman Rice Exporters Association of Pakistan (REAP) Chela Ram Kewlani has welcomed the government’s decision, calling it a major milestone for the industry. […]

UAE non-basmati rice prices set to drop 20% as India lifts export ban

Thailand and Pakistan are the other major rice exporters to the UAE, which is the world’s largest re-exporter of rice. by Waheed Abbas Non-basmati rice prices are expected to drop around 20 per cent in the UAE after India removed the export ban on the commodity. India is the largest source of rice imports for […]