Rice exports surge 48.6pc in two months FY20

[Shahzaz ud din]

Rice exports surge 48.6pc in two months FY20
By
APP
-
September 28, 2019
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ISLAMABAD: Rice exports from the country during the first two months of the current financial year (FY20) surged by 48.64pc as compared the corresponding period of last year.

About 590,053 metric tonnes of rice, worth $322.836 million, were exported in July-August 2019, as compared to 399,633 metric tonnes of rice, worth of $223.918 million, exported during the same months of 2018, according to data released by the Pakistan Bureau of Statistics.

During the period under review, the country earned $135.249 million by exporting about 148,772 metric tonnes of basmati rice, as compared to 99,287 metric tonnes of basmati rice, worth $101.851 million, exported during the same period last year, an increase of 32.79pc.

The export of ‘other’ rice grew by 61.87pc, as about 441,281 metric tonnes of rice other than basmati rice, valued at $197.587 metric tonnes, were exported, when compared with 300,346 metric tonnes of rice, worth $122.067 million, exported during the same period last year.

In the first two months of FY20, 16,652 metric tonnes of fish and fish preparations, worth $36 million, were exported, besides 13,150 metric tonnes of meat and meat products, worth $48.174 million.

It is pertinent to mention that the food group exports from the country during the period under review grew by 14.27pc as food commodities worth $650.257 million were exported in July-Aug 2019, as compared to $569.039 million earned through the same in the corresponding period of last year.

 

[Yaseen1]

i think major reason is not economic growth but inflation and rupee devaluation due to which domestic consumption has decreased and it also shows a risk of undernourishment of our poor class due to lower spending on food

 

[B.K.N]

i think major reason is not economic growth but inflation and rupee devaluation due to which domestic consumption has decreased and it also shows a risk of undernourishment of our poor class due to lower spending on food

Pakistanis don't consume much rice at best once or twice in a month
Pakistan exports most of it's rice produce

 

[Yaseen1]

less consumption should be substituted by rise in other food consumption to maintain decrease risk of undernourishment,from my personal experience food consumption has decreased much this year as prices are much higher

Pakistanis don't consume much rice at best once or twice in a month
Pakistan exports most of it's rice produce

 

[B.K.N]

less consumption should be substituted by rise in other food consumption to maintain decrease risk of undernourishment,from my personal experience food consumption has decreased much this year as prices are much higher

It has nothing to do with consumption and Pakistanis are consuming a lot of carbohydrates that's why most of the people have bellies staple food of Pakistan is wheat rice is for export

 

[Yaseen1]

you are taking about rich people,poor public is underconsuming food and ik has also said this in his first address after becoming p.m that many children fail to achieve proper growth of their brains and body due to malnourishment

It has nothing to do with consumption and Pakistanis are consuming a lot of carbohydrates that's why most of the people have bellies staple food of Pakistan is wheat rice is for export

 

[B.K.N]

you are taking about rich people,poor public is underconsuming food and ik has also said this in his first address after becoming p.m that many children fail to achieve proper growth of their brains and body due to malnourishment

You right but they are over consuming carbohydrates
there isn't any scarcity of wheat or rice in Pakistan but meat consumption is low

 

[crankthatskunk]

i think major reason is not economic growth but inflation and rupee devaluation due to which domestic consumption has decreased and it also shows a risk of undernourishment of our poor class due to lower spending on food

well if any thought gone in to it you should have understood that due to the devaluation of the rupees, the export should have gone down in dollar's value terms. But it has increased in dollars, therefore, it is understood that not only the export in dollars have gone up but also quantity.
What you say is true for imports. Even less quantity of imports would be costing more because of rupees decline.

 

[Yaseen1]

well if any thought gone in to it you should have understood that due to the devaluation of the rupees, the export should have gone down in dollar's value terms. But it has increased in dollars, therefore, it is understood that not only the export in dollars have gone up but also quantity.
What you say is true for imports. Even less quantity of imports would be costing more because of rupees decline.

I have said there are two factors inflation and devaluation. Inflation decreases domestic consumption and hence export increase also devaluation attracts new markets to buy your products and some rise in dollars term may occurs

 

[Shahzaz ud din]

Patwarees will never get satisfied.Does not matter whether exports increase or decrease their prime duty is to do criticism.

 

[bafxet]

Iran made the difference. So as to prepare itself in case there was a war they piled up stocks and bought quantity.

Another factor was that because of an extraordinarily huge devaluation Pakistan rice worked out cheaper than its rival India making buyers turn to Pakistan.

 

[GumNaam]

Excellent news but more exports needed...much MUCH more.

 

[Mujahid Memon]

Iran made the difference. So as to prepare itself in case there was a war they piled up stocks and bought quantity.

Another factor was that because of an extraordinarily huge devaluation Pakistan rice worked out cheaper than its rival India making buyers turn to Pakistan.

Pakistan rice was always better in quality than India. Even I've heard news that Pakistani rice was being packaged and branded as Indian produce in UAE and then re-exported to EU, US etc. I hope something has been done regards to this practice

Pakistanis don't consume much rice at best once or twice in a month
Pakistan exports most of it's rice produce

No, Pakistanis eat a lot of rice

 

[GumNaam]

Pakistanis don't consume much rice at best once or twice in a month
Pakistan exports most of it's rice produce

You have OBVIOUSLY not visited Karachi or have had the world famous student biryani!

 

[Enigma SIG]

i think major reason is not economic growth but inflation and rupee devaluation due to which domestic consumption has decreased and it also shows a risk of undernourishment of our poor class due to lower spending on food

Do you even live in Pakistan?