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PAKISTAN RICE EXPORTS SURGE BY 28 PCT DURING JULY-SEPT
10/29/2017

XINHUA NET (29/10/2017)

PAKISTAN RICE EXPORTS SURGE BY 28 PCT DURING JULY-SEPT

ISLAMABAD, Oct. 28 (Xinhua) -- Pakistan's rice exports surged by 28.74 percent during the first three months of the country's current fiscal year starting from July 2017, according to a statement from the Pakistan Bureau of Statistics (PBS) on Saturday.

The PBS said rice exports from the country jumped to 621,094 metric tons during the period as compared to the exports of 482,445 metric tons of the same period last year.

During the period under review, rice worth 320.242 million U.S. dollars were exported as compared the exports of 242.694 million U.S. dollars of the same period last year.

Exports of the "Basmati" brand rice grew by 2.43 percent and reached at 86,672 tons valuing at 90.31 million dollars in the three months as against 92,321 metric tons worth 88.772 million dollars of the same period last year, said the statement.

In the said period, about 534,442 metric tons of rice other than basmati worth 299.321 million dollars were exported as against the exports of 390,124 metric tons valuing 153.922 million dollars of the same period last year.
During the last fiscal year from July 2016 to June 2017, Pakistan's total rice exports dropped by 17 percent year-on-year in terms of quantity, and 15 percent in terms of revenue earned.

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