Sunday, April 21, 2024

Pakistan’s Rice Exports Grow 86% to $2.5 Billion in 8 Months

During the first eight months of the fiscal year FY2023-24, Pakistan experienced a significant increase in rice exports by 85.83% compared to the same period last year.

According to data from the Pakistan Bureau of Statistics (PBS), the country exported over 3.932 million metric tons of rice valued at $2.517 billion from July to February in FY2023-24. This is a big jump from the 2.546 million metric tons worth $1.354 billion exported during the same months in the previous fiscal year.

,Basmati rice exports also saw a rise, reaching 472,135 metric tons valued at $539.428 million, up by 38.43% from the previous year. Additionally, earnings from other rice varieties amounted to $2.180 billion from the export of approximately 3.460 million metric tons, compared to $967.872 million from 2.180 million metric tons in the same period last year.

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