{"id":6200,"date":"2023-08-02T06:51:57","date_gmt":"2023-08-02T06:51:57","guid":{"rendered":"https:\/\/ricenewstoday.com\/dev\/?p=6200"},"modified":"2023-08-02T06:52:11","modified_gmt":"2023-08-02T06:52:11","slug":"pakistan-can-earn-3bn-from-rice-exports-in-fy24","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/pakistan-can-earn-3bn-from-rice-exports-in-fy24\/","title":{"rendered":"Pakistan can earn $3bn from rice exports in FY24"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"972\" height=\"612\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-13.png\" alt=\"\" class=\"wp-image-6201\" srcset=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-13.png 972w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-13-600x378.png 600w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-13-300x189.png 300w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-13-768x484.png 768w\" sizes=\"(max-width: 972px) 100vw, 972px\" \/><\/figure>\n\n\n\n<p><strong>August 02, 2023 (MLN):&nbsp;<\/strong>The demand for Pakistani rice has significantly risen worldwide amid the recent decision of the Indian government to impose a ban on the export of non-basmati rice.<\/p>\n\n\n\n<p>Chela Ram, Chairman of the Rice Exporters Association, stated that Pakistan could export rice worth $3 billion in the upcoming fiscal year 2024.<\/p>\n\n\n\n<p>To recall, exports in FY23 saw 3.7 million tons of rice, worth $2.14bn.<\/p>\n\n\n\n<p>Chela Ram said that exports of rice can reach 5m tons in FY24.<\/p>\n\n\n\n<p>Furthermore, the rice output in FY24 is projected to reach a record 9m tons, providing a substantial surplus for export purposes.<\/p>\n\n\n\n<p>Moreover, the Russian Federation has taken steps to open its doors to Pakistani rice, registering an additional 15 companies for rice export to Russia.<\/p>\n\n\n\n<p>12 more companies are currently in the registration process, indicating the increasing demand for Pakistani rice in the Russian market.<\/p>\n\n\n\n<p>Chela Ram also expressed optimism about the ongoing talks with Mexico, paving the way for potential positive developments in trade between the two countries.<\/p>\n\n\n\n<p>With Mexico&#8217;s concerns addressed, there are encouraging signs that the ban on Pakistani rice exports to Mexico may be lifted soon, offering a significant boost to Pakistan&#8217;s rice industry.<\/p>\n\n\n\n<p>These positive developments paint a promising picture for Pakistan&#8217;s rice exporters in FY24.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>August 02, 2023 (MLN):&nbsp;The demand for Pakistani rice has significantly risen worldwide amid the recent decision of the Indian government to impose a ban on the export of non-basmati rice. Chela Ram, Chairman of the Rice Exporters Association, stated that Pakistan could export rice worth $3 billion in the upcoming fiscal year 2024. To recall, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6201,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[215,167,160],"class_list":["post-6200","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-basmati-rice","tag-indian-rice","tag-rice-export"],"acf":{"enable_premium_overlay":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pakistan can earn $3bn from rice exports in FY24 - Rice News Today<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pakistan can earn $3bn from rice exports in FY24 - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"August 02, 2023 (MLN):&nbsp;The demand for Pakistani rice has significantly risen worldwide amid the recent decision of the Indian government to impose a ban on the export of non-basmati rice. 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