Pakistan’s Rice Prices Surged 132.41% YoY During W49 Due to Flood in Sindh Province

Rice prices in Pakistan surged by 132.19% YoY during W49, reaching USD 0.50/kg due to devastating floods in Sindh and increased production costs. Meanwhile, rice exports declined by 17.3% in the first two months of the 2023/24 marketing year, attributed to lower inventories and an expectation of recovery during the upcoming harvest season for specific rice varieties.