ISLAMABAD: After successfully completing the export quota of 250,000 metric tonnes of rice to China, Pakistan would now export an additional 500,000MT of rice to the country, Advisor to Prime Minister on Commerce, Investment and Industries Abdul Razak Dawood said on Wednesday.
In his tweet, the adviser said that after completing the export quota, the government of Pakistan approached the government of China for an additional 500,000MT of rice which was accepted by the Chinese government.
He also requested all members of Rice Exports Association of Pakistan (REAP) to take advantage of this golden opportunity.
According to the Global Agricultural Information Network report from the US Department of Agriculture (USDA), Pakistan’s rice exports hit a record of 4.5 million tonnes during market year 2018-19. “The continuing devaluation of the Pakistani rupee against the dollar, down 40pc since December 2017, is helping maintain the export momentum,” the report said.
Favourable weather in rice-producing areas has set the USDA’s market year 2019-20 rice production estimate at 7.5 million for Pakistan.