Pakistan's rice exports will reach 5 million tons in 2023-2024

Pakistan's rice exports rose sharply in the seven months to January 31 thanks to a good crop size and a jump in prices. Shipments are expected to reach 5 million tonnes for the first time in history, said Chela Ram Kewlani, chairman of the Pakistan Rice Exporters Association. “In value terms, rice exports in the seven months of the fiscal year have already reached what the country achieved in the last fiscal year,” Chela Ram Kewlani said in a telephone conversation on February 18, S&P Global Platts reported. Basmati rice exports rose 24% to 398,764 tonnes between July and January, up from 320,751 tonnes year-on-year, according to the Pakistan Bureau of Statistics. Exports of non-basmati products rose to 2.924 million tonnes in the seven months ended January 31 from 1.661 million tonnes in the previous year, a rise of 76%, the data showed. The country's financial year runs from July to June. Global rice prices are rising due to an export ban imposed by the Indian government in a ...