Tag: Rice

Exports of rice have decreased by 15 per cent, during July-May 2010-11, due to last year’s devastating floods and increasing price of rice in...

LAHORE - Despite devastating floods last year, rice exporters have exported rice valued at $1.5 billion during the first nine months of the current fiscal year. If the government provides adequate support and a zero rated tax regime; rice exports can easily touch the $5.0 billion benchmark in a few years.
Rice Exporters Association of Pakistan (REAP) acting Chairman Taufeeq Ahmad Khan made these remarks while addressing a news conference at the REAP office on Monday. Khan said

JAKARTA - The Indonesian finance ministry would not extend permit, which expired on Thursday, to import rice and the State Logistic Agency (Bulog) should rely more on domestic production for meeting its rice stockpile target, a minister said here on Thursday. The decision was made as the country had great rice harvests since February and the agriculture ministry had allowed the agency to purchase rice of any quality. "After today, Bulog must meet national rice stockpile from domestic

KARACHI - Despite a 37.5 percent decline in export of rice to Iran during the last financial year, Pakistani exporters are still not availing the 10 percent duty relaxation under the Pakistan-Iran Preferential Trade Agreement (PTA) for what the sources refer to as lack of awareness.
Though Pakistan exports almost 80 percent of its rice to Tehran, the country's exporters are, interestingly, not availing the concession in import duty, which the neighbouring country has increased by

ISLAMABAD Pakistan's rice exports fell nearly 16 percent in the first eight months of the 2010/11 financial year because of last year's floods, a top industry representative has stated. The world's fifth largest exporter of rice, Pakistan exported 2.38 million tonnes between July and February, down from 2.82 million tonnes in the same period the previous year, according to the Rice Exporters Association of Pakistan (REAP). The export of non-basmati rice dropped 25 percent to 1.66

KARACHI -Rice exporters from Pakistan have been invited to participate in a big way in the first ever international rice exhibition, "Rice International Conference and Exhibition (RICE) Dubai 2011", which will be held from May 9 to 11 at Madinatul Jumeirah, United Arab Emirates.
FAM Holding (a conglomerate in the UAE) Chairman Dr Faisal Ali Mousa, while addressing a press conference along with his representative from Pakistan, Asad Sajjad, said that the event would provide an

LAHORE - Keeping in view of the current political instability in troubled areas of Middle East, the federal government should formulate a policy to provide safeguard to Pakistani exporters, said Rice Exporters Association of Pakistan (REAP) Acting Chairman Taufiq Ahmed Khan.
He said the government should make sure that all buyers honoured their business commitment with Pakistani exporters as financial insecurity was increasing in exports, especially in Middle East countries

KARACHI - Philippines has allowed the private sector to import almost 163,000 metric tonnes (MT) of rice as unpredictable weather has forced world food authorities of tightening staples' supplies. The Pakistani embassy in Manila has suggested Islamabad to approach the foreign country to tap the opportunity of getting more market share in the world's top rice importing country.
Countries like Thailand, China, India and Australia would be exporting a large quantity of rice after

LAHORE - Rice exports have surpassed $1 billion mark during the first seven months of the current fiscal year 2010-11. Figures released by Rice Exporters Association of Pakistan (REAP) have revealed that between July 2010 to January 2011, rice exporters have exported 2.08 million tonnes of rice worth $1.14 billion, while Pakistan exported rice worth $1.18 billion during the same period of 2009-10.
However, figures indicate that rice exports have witnessed a decline in term of

COLOMBO - Heavy rain triggered flooding in Sri Lanka that killed at least 11 people and is threatening up to 90 percent of the staple rice crop, heightening concern about supply shocks and inflation, officials said on Sunday. Heavy monsoon rain caused flooding across the Eastern, Northern and North Central provinces for the second time in less than a month. More than 250,000 people have been forced into temporary shelters by this latest inundation.
"A large amount is destroyed.

LAHORE - Rice Exporters Association of Pakistan (REAP) Vice Chairman Taufiq Ahmed Khan has pointed out that despite limited source, REAP members had exported 4.6 million tonnes of rice to different parts of the world in 2009-10.
He was addressing a delegation of 34-member newly inducted officers of Commerce and Trade Group, along with Pakistan Institute of Trade And Development (PITAD) Assistant Director Shafiq Haider Virk and Trade Development Authority of Pakistan (TDAP)

LAHORE - The United Nation's Food and Agriculture Organisation (FAO) has forecast that the world rice trade in 2011 will contract by two percent to 30.5 million tonnes. The FAO latest Rice Market Monitor (RMM) states that the reduction in global rice trade is expected to follow a tightening of exportable quantities in major rice supplying countries.
It concludes that several rice exporting countries had reduced harvests owing to harsh weather conditions, while some have heavily

LAHORE - The Food and Agriculture Organisation (FAO) has downgraded Pakistan's paddy production forecasts of 2010 by 3.9 million tonnes, which represents a sharp decline of 38 percent in the production level year-on-year (YoY).
FAO Rice Market Monitor (RMM) report states that consecutive weeks of torrential monsoon showers in late July and August led to the most devastating floods recorded in the history of the country. Extensive damage was inflicted in Khyber Pakhtoonkhwa (KPK)

DHAKA - Bangladesh will import 900,000 tonnes of rice to boost its stocks to 1.2 million tonnes in the fiscal year ending on June 2011, Food and Disaster Minister Abdur Razzaque said on Friday.
Rice is the main staple of a population of over 150 million, around 38 percent of whom are poor, living on less than $1.0 a day. "To boost the food stocks and make the market stable, we took the decision to import more grains," Razzaque told Reuters. The ministry had earlier set a target

LAHORE - High exports have triggered a 25-30 percent increase in rice prices, market sources told Pakistan Today. Rice prices had stayed stable in the market in December as new rice (Kernal super) was available for Rs 2,800-3,000 per 50 kg or Rs 56-60 per kg. However, currently, prices have ballooned and are touching Rs 3,400-3,700 per 50 kg. Similarly, the prices of Basmati-386 have jumped to Rs 2,650 per 50 kg, whereas earlier, it was being sold for Rs 2,200 per 50 kg.
Prices

LAHORE: Punjab Agricultural Research Board (PARB), Rice Exporters Association of Pakistan (REAP) and Lahore Chamber of Commerce and Industry (LCCI) have teamed up to promote research and development and determine the future agenda for rice exports from Pakistan.
To encourage coordination between the bodies, a meeting was held here in PARB's auditorium on Friday. The international rice market, prospects of increasing rice exports and international standards were major topics on

DHAKA: Bangladesh's state grains buyer issued two tenders on Sunday to import 50,000 tonnes of wheat and 50,000 tonnes of white rice as part of an effort to ensure food security and keep prices stable. The last date of submission of offers for both tenders is December 26 and the grains are to be shipped within 40 days after the signing of deals, a food official said.
The government plans to import 750,000 tonnes of wheat and 600,000 tonnes of rice in the year to June 2011 to