IslamabadPakistan has witnessed a significant rise in demand for its rice in global markets, generating profits of more than US$721.8 million.
Foreign exchange from rice exports during the first quarter of the current fiscal year.
According to official documents, rice exports witnessed a record increase of 77.63 percent compared to the same period last year.
From July to September, Pakistan exported 991,000 metric tons of rice, a sharp rise from the 596,000 tons it exported in the first quarter of the last fiscal year. Rice exports the previous year brought in $406.4 million in foreign exchange.
In September alone, Pakistan exported 374,000 metric tons of rice, generating $257.2 million in foreign exchange.
This represents an increase of 49.19 percent year-on-year, as 255,000 metric tons were exported in September of the previous year, worth $172.4 million.
During the first quarter, Pakistan exported 252,000 metric tons of basmati rice, representing a notable increase of 65.78 per cent in exports of the premium variety.
The significant increase in rice exports underscores Pakistan’s growing importance in the global rice market and growing demand for high-quality rice varieties.