Export of Pakistani basmati rice increased by 16%

Pakistan rice exporters earned $1.9 billions from July 2013 to 30 June 2014 from the export of basmati and non-basmati rice with an increase of 16% in the export of basmati rice. Pakistani basmati rice is being exported at 35% higher price than the competitors.

The former chairman of Rice Exporters Association of Pakistan and chairman of the Standing Committee of FPCCI Javed Ali Ghorion Wednesday said that Pakistani basmati rice due to its good quality gets 35% more price compared to Indian rice.  He said that there was price increase of 13% for non-basmati rice whereas the volume decreased by 8% during the last fiscal year.

Javed Ali Ghori said Pakistan rice exports are expected to increase during the current fiscal year that will bring in large amount of foreign exchange in the country.

Ghori said that  Pakistani rice exporters are focusing on value addition that is enabling them to sell the basmati rice at higher export prices. He further said that Pakistan exported brown rice worth $192.4 million during last year.

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Posted by Maleeha Tareen on Jul 10 2014. Filed under Business. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.