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Basmati price: Rice export boom ends after India’s move

Mushtaq Ghumman ISLAMABAD: The period of a massive boost to Pakistan’s rice exports is over after the Indian government’s decision to remove the floor price of Basmati rice and relax restrictions on export of other rice varieties. Well informed sources told Business Recorder that Pakistan Rice Exporters Association (REAP) has approached the government and shared […]

No further quota: MoC to blacklist defaulting Sri Lankan rice buyers

Mushtaq Ghumman ISLAMABAD: The Commerce Ministry is to informally blacklist those Sri Lankan companies that defaulted in payment to Pakistani rice exporters by disallowing allocation of rice quota. This mechanism was shared by Commerce Ministry officials at a meeting of the Senate Standing Committee on Commerce, which met on Monday with Senator Anusha Rahman in […]

Governor terms rice exports reaching to $4b, a major achievement.

KARACHI – Governor Kamran Khan Tessori on Sunday hailed the achievement of rice exports reaching $4 billion in the current fiscal year as a significant success. He credited the Rice Exporters Association of Pakistan (REAP) for playing a pivotal role in this accomplishment, establishing a solid foundation between farmers, traders, and exporters. He expressed these […]

Agriculture: Fixing our food — the case for biopesticides

Pakistan, like other developing economies in Asia, is confronting challenges in complying with international food standards because the prevalence of aflatoxins exceeding permissible limits and synthetic pesticide maximum residue limits (MRLs) is high. Unfortunately, the agriculture and food authorities have neither established nor well-publicised these limits. Owing to a lack of awareness and proper guidance, […]

Pakistan must transition to sustainable rice production methods for food security

Climate change and its adverse effects on agriculture have necessitated the need for the adoption of sustainable rice production methods to ensure food security in Pakistan. “As rice is a staple crop and a significant export commodity, the urgency to implement eco-friendly practices has never been more critical,” said Dr Abi, a senior scientific officer […]

FAO Launches Transformative Project For Sustainable, Regenerative Rice Production

The Food and Agriculture Organization (FAO) of the United Nations organized an inception workshop for the formulation of “Sustainable and Regenerative Management of Rice Production in Pakistan” at a local hotel here on Monday KARACHI, (APP – UrduPoint / Pakistan Point News – 5th Aug, 2024) The Food and Agriculture Organization (FAO) of the United […]

Why Are Pakistan’s Rice Exporters Worried?

Pakistan reported record rice exports of $3.88 billion in FY24, a 78% increase over the previous year. However, the industry is not celebrating because it has been hit with multiple challenges all at once adding to the existing volatility in the market. For starters, India is expected to ease restrictions on its rice shipments which […]

India plans to ease rice export curbs to retain market share against Pakistan

Pakistan rice exports, both Basmati and coarse varieties, during July 2020 to May 2021 (11MFY21) are 14 per cent less than that of the previous year. — Reuters/File India is likely to cut the floor price for basmati rice exports and replace the 20 per cent export tax on parboiled rice with a fixed duty […]