ISLAMABAD: Basmati rice exports from the country surged by 8.13
percent during July-April 2010-11 to reach at US$78 million as against
the exports of US$71 million during same period of 2009-10, however the
overall rice exports decreased by 1.1 percent during period under
review.
According to the official sources of Ministry of Commerce, the exports of Basmati and other rice varieties was 3,084,324 metric ton (MT) worth US$1.79 billion during July-April 2010-11 as compared to 34,23,613 MT worth US$1.81 billion during same period last year.
The exports of other varieties of rice during July-April 2010-11 decreased by 7.6 percent as compared to corresponding period of 2009-10. The exports of other varieties was 2,133,605 MT worth US$1.01 billion during July-April 2010-11 as against 2,570,541 MT costing US$1.09 billion during the corresponding period last year.
The United Arab Emirates has emerged as the top importer of Pakistani basmati rice by importing 2,10,351 metric tons of the commodity during July-April 2010-11. UAE imported basmati rice worth US$190.4 million during the period as compared to export of 1,84,398 metric tons worth of US$162.6 million during same period of last year.
Among other top Pakistani basmati rice importers, Iran was in the second by importing 1,13,476 metric tons of basmati rice worth US$68.3 million during the period under review, he added. Iran had imported basmati rice 1,53,207 metric ton worth US$105.8 million during the period from July 2009 to April 2010, he added.
Oman remain the third top destination of Pakistani rice during July-April 2010-11 as it has purchased 75,441 metric tons basmati rice and added about US$70.1 million as against the purchase of 46,364 metric tons costing US$45.4 million during same period last year.
The other top importers of Pakistani rice were Turkey with import of 65,469 metric tons worth US$38.9 million, United Kingdom (UK) 60,789 metric ton of 48.3 million, Saudi Arabia 58,992 metric tons worth US$50.4 million and Yemen imported 53,730 metric tons costing US$ 44.9 million during the period under review.
Pakistan produces different varieties of rice which are famous for their enriched taste and fragrance due to natural climate and soil qualities across the globe. The country also earned huge foreign exchange by exporting such varieties to UAE, UK, KSA, Russia and rest of the world.
About 7 million tons rice are produced annually in the country as against domestic requirements of 2 to 3 million tons while rest of the produce export which contributes a huge amount of foreign exchange in the nation exchequer. The export of rice can be enhanced by exploring more foreign markets and facilitating the growers and exporters by giving them proper training of storage and packing as per international standard and huge.
It is pertinent to mention here that the rice production targets have been set at 6.6 million tons for financial year 2011-12 as against the production of 4.8 million tons during 2010-11 showing the increase of 27.27 per cent. The rice production targets for the year 2010-11 was fixed at 6.17 million tons, however due to devastating floods that hit the country in 2010 the rice production target was not achieved. The production in 2010-11 was even 29 percent less than actual production of 6.8 million tons in 2009-10.
According to the official sources of Ministry of Commerce, the exports of Basmati and other rice varieties was 3,084,324 metric ton (MT) worth US$1.79 billion during July-April 2010-11 as compared to 34,23,613 MT worth US$1.81 billion during same period last year.
The exports of other varieties of rice during July-April 2010-11 decreased by 7.6 percent as compared to corresponding period of 2009-10. The exports of other varieties was 2,133,605 MT worth US$1.01 billion during July-April 2010-11 as against 2,570,541 MT costing US$1.09 billion during the corresponding period last year.
The United Arab Emirates has emerged as the top importer of Pakistani basmati rice by importing 2,10,351 metric tons of the commodity during July-April 2010-11. UAE imported basmati rice worth US$190.4 million during the period as compared to export of 1,84,398 metric tons worth of US$162.6 million during same period of last year.
Among other top Pakistani basmati rice importers, Iran was in the second by importing 1,13,476 metric tons of basmati rice worth US$68.3 million during the period under review, he added. Iran had imported basmati rice 1,53,207 metric ton worth US$105.8 million during the period from July 2009 to April 2010, he added.
Oman remain the third top destination of Pakistani rice during July-April 2010-11 as it has purchased 75,441 metric tons basmati rice and added about US$70.1 million as against the purchase of 46,364 metric tons costing US$45.4 million during same period last year.
The other top importers of Pakistani rice were Turkey with import of 65,469 metric tons worth US$38.9 million, United Kingdom (UK) 60,789 metric ton of 48.3 million, Saudi Arabia 58,992 metric tons worth US$50.4 million and Yemen imported 53,730 metric tons costing US$ 44.9 million during the period under review.
Pakistan produces different varieties of rice which are famous for their enriched taste and fragrance due to natural climate and soil qualities across the globe. The country also earned huge foreign exchange by exporting such varieties to UAE, UK, KSA, Russia and rest of the world.
About 7 million tons rice are produced annually in the country as against domestic requirements of 2 to 3 million tons while rest of the produce export which contributes a huge amount of foreign exchange in the nation exchequer. The export of rice can be enhanced by exploring more foreign markets and facilitating the growers and exporters by giving them proper training of storage and packing as per international standard and huge.
It is pertinent to mention here that the rice production targets have been set at 6.6 million tons for financial year 2011-12 as against the production of 4.8 million tons during 2010-11 showing the increase of 27.27 per cent. The rice production targets for the year 2010-11 was fixed at 6.17 million tons, however due to devastating floods that hit the country in 2010 the rice production target was not achieved. The production in 2010-11 was even 29 percent less than actual production of 6.8 million tons in 2009-10.
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