Pakistan’s rice exports are off to a bumpy sta-rt. After a stellar FY22 marking record growth in quantity exported and earnings, Q1-FY23 report card spells trouble. Headline numbers indicate a 9 percent decline in volume and over 5 percent fall in revenue, even as prices fetched in the international market held their ground. Are rice exports witnessing reversion to mean after hitting peak last year, or is there more at play?
For natural reasons, first quarter is usually slow for rice exporters. Clarity over new crop outlook is only achieved in earnest by late October/mid-November, once harvest is completed in Punjab. Historically, basmati exports during Q1 make up no more than one-fifth of annual export quantum; whileQ1 accounts for no more than 15 percent of annual coarse exports.
The access to our website is free and will remain free always
for most of the contents.
However, you need to create a new account to access the website.
It will not take much of your time to create a new account and you will have an access to your favorite website to browse rice news, quick stats, latest stats on basmati, downloads and a lot more