Rice exports increased by 11.16 per cent

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ISLAMABAD: Rice exports from the country increased by 11.16 per cent to 2.179 million tonnes in the first seven months of current financial year (7MFY22) from 2.179m tonnes in the same period last year, trade data shared by the Pakistan Bureau of Statistics (PBS) showed on Friday.

During July-January 2021-22, over 2.179m tonnes of rice valuing $1.286 billion was exported as against the exports of 2.179m tonnes valuing $1.157bn in 7MFY21.

Exports of Basmati rice also increased by 28.58pc in 7MFY22. A total 414,190 tonnes of Basmati rice valuing $362.183m was exported in the period against exports of 293,761 tonnes worth $281.675m in 7MFY21.

The country earned $924.668m by exporting about 2.138m tonnes of rice other then Basmati in 7MFY22 as against the exports of 1.886m tonnes worth $875.959m of same period last year.

On year-on-year basis, rice exports witnessed significant growth of 13.30pc as 434,382 tonnes of rice valuing $220.078m was exported in January as compared the exports of 329,999 tonnes worth $194.245m of same period last year.

The exports of Basmati rice also grew by 08.97pc in month of January as 62,734 tonnes of above mentioned commodity valuing $58.086m exported as against the exports of 60,609 tonnes costing $53.305m of same month of last year.

It is worth mentioning here that food group exports from the country during 7MFY22 increased by 20.87pc as compared to the exports of the corresponding period of last year. Commodities worth $2.952bn were exported in the period as against the exports of $2.444bn in 7MFY21.

The exports of food group from the country witnessed about 14.31pc growth on year on year basis in January as compared to same month last year.

During the period under review, exports of all major food items recorded positive growth as exports of rice grew by 11.16pc, fish and fish preparation 5.08pc, fruits 11.60pc, vegetables 11.36pc spices 22.94pc, meat and meat preparation 1.68pc, respectively.

Meanwhile, food group imports into the country also recorded an increase of about 21.32pc during July-Jan FY22 as food commodities costing $5.629bn imported as against the import of $4.639bn of same period last year.

The food group imports into the country on year on basis also recorded about 13.05pc growth in January as against the imports in the same month in 2021.

During month of January different food commodities valuing $830.844m imported as compared the import of $734.953m of same period last year.

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