Rice exports witnesses 7.23pc growth in January 2021

Rice exports witnesses 7.23pc growth in January 2021

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Islamabad: In January 2021, the country’s rice exports increased by 7.23% over the same period last year.

During the reporting period, approximately 324,254 metric tons of rice were exported, valued at US$184.2 million, compared with 366,818 metric tons in the same period last year, valued at US$181,222,000.

Meanwhile, exports of Basmati rice grew by 16.30 percent as about 72,749 metric tons of above mentioned commodity worth $75.858 million exported as compared 83,148 metric tons valuing $65.225 million of same month last year.

The country earned $118.368 million by exporting about 251,505 metric tons of rice other then Basmati as against the exports of 282,670 metric tons valuing $115.897 million of same month of last year.

It is worth mentioning here that food group exports from the country during month of January, 2021 witnessed about 1.05 percent growth as compared the exports of the corresponding month of last year.

Different food commodities valuing $413.299 million exported during month of January, 2021 as against the exports of $408.991 million of same month of last year.

According to statistics from the Pakistan Bureau of Statistics, in the last 07 months of this fiscal year, the country’s food group’s exports were still declining, down 6.33% to US$2.443 billion, compared with US$2.608 billion in the same period last year. .

On the other hand, in January 2021, the country’s food imports increased by about 50%, and in the last 07 months of the 2020-21 fiscal year, it increased by 51.90% compared to the same period last year.

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