Rice exports surge 51pc in first quarter FY20

ISLAMABAD: Rice exports from the country during the first quarter of the financial year 2019-20 grew by 50.76pc as compared to the corresponding period last year.

During the July-September period, about 839,356 metric tonnes of rice, worth $470.584 million, were exported as compared the exports of 551.5,86 metric tonnes, valuing $312.147 million, during the same period of FY19.

According to data released by the Pakistan Bureau of Statistics, the exports of basmati rice increased by 47.29pc, as 212,873 metric tonnes of basmati rice ($194.669 million) were exported during the first quarter of FY20, as compared the 127,669 metric tonnes ($132.166 million) in the same period of last year.

Meanwhile, 34,090 metric tonnes of fish and fish preparations worth $79.549 million were also exported in the period under review as compared to the exports of 25,859 metric tonnes valuing $67.294 million during the same period of last year.

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According to trade data, fish and fish product exports registered about 81.21pc growth in the last three months as compared to the same period of last year, data revealed.

During the period under review, fruits and vegetable exports from the country also recorded a positive growth of 10.20pc and 21.11pc respectively. The country earned $111.338 million by exporting about 131,762 metric tonnes of fruits, and $38.459 million by exporting 145,675 metric tonnes of vegetables respectively.

It may be recalled that food group exports of the country during the first quarter of the current financial year increased by 13.98pc, from $864.005 million in 1QFY19 to $984.757 million in 1QFY20.

Meanwhile, the import of food commodities into the country decreased by 24.78pc, from $1.458 billion to $1.096 billion.

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