Rice exports surge by over 19pc to $594.5m in 4MFY22

Rice exports increased 22.99pc on YoY basis, 19.87pc on MoM basis

ISLAMABAD: The exports of rice surged by 19.04 per cent to $594.528 million during the first four months of current financial year (4MFY22) as compared to exports worth $499.442 million during the corresponding period of last the fiscal year.

According to the Pakistan Bureau of Statistics (PBS), escalating exports are backed by the production of the current seasons rice crop which has been estimated at over 9 million tonnes (MT) as compared to the output 8.4 MT last season.

Among the rice commodities, the exports of Basmati rice increased by 27.44 per cent, surging from $161.654 million last year to $206.013 million during the current year.

The exports of other rice commodities also grew by 15.02 per cent by going up from $337.788 million last year to $388.515 million during the current year, the PBS data revealed.

In terms of quantity, the overall rice exports grew by 22.60 per cent.

Meanwhile, on a year-on-year (YoY) basis, rice exports witnessed an increase of 22.99 per cent in October 2021 as they were recorded at $171.335 million against exports of $139.306 million in October 2020.

During the period under review, the exports of basmati increased by 28.09 per cent whereas that of other rice commodities went up by 20.88 per cent.

On month-on-month (MoM) basis, rice exports increased by 19.87 per cent when compared to the exports of $142.933 million in September 2021. During this period, the export of Basmati grew by 32.19 per cent whereas the exports of other rice commodities increased by 28.03 per cent.

It may be mentioned here that the overall food exports from the country increased by 26.91 per cent to $1434.398 million during 4MFY22 as compared with the exports of $1130.250 million in 4MFY21.

 

 

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