Pakistan Exports 882,132 Tons of Rice in July – October 2013, Up 24% from Last Year

November 20, 2013 5:31 PM

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Pakistan Exports 882,132 Tons of Rice in July – October 2013, Up 24% from Last Year

Pakistan has exported around 882,132 tons of rice in the first four months of the fiscal year 2013-14 (July – June), up about 24% from around 711,393 tons exported during the same period in FY 2012-13, according to provisional data from the Pakistan Bureau of Statistics (PBS).

Most of the increase is due to a surge in non-basmati rice exports which have increased to around 678,420 tons in July – October 2013, up about 36% from around 498,196 tons exported in the same period in FY 2012-13. However, Pakistan’s basmati rice exports in July – October 2013 have declined to around 203,712 tons, down about 4.5% from around 213,197 tons in the same period last year.

In terms of value, total rice exports in July – October 2013 have earned Pakistan around Rs.58.7 billion, up about 40% from around Rs. 42 billion in the same period in FY 2012-13. In terms of the USD, earnings stand at around $566.8 million (using historical exchange rates), up about 28% compared to around $443.5 million (using historical exchange rates) earned during the same period last year.

Average basmati rice export prices in the first four months of FY 2013-14 stand at about $931 per ton, down about 3% from around $962 per ton during the same period last year, while average non-basmati rice prices stand at around $556 per ton, up about 16% from around $478 per ton in July – October 2012.

Month-on-month, Pakistan’s rice exports in October 2013 declined to around 193,977 tons, down about 8% from around 212,786 in the previous month, and down about 11% from about 219,249 tons in October 2012. Average basmati rice export prices have increased to around $989 per ton in October 2013, up about 7% from around $922 per ton in September 2013, while average non-basmati rice prices have increased to around $640 per ton, up about 12% from around $570 per ton in the previous month.

Pakistan exported about 3.1 million tons of rice worth about $1.98 billion in FY 2012-13 (July – June).

Source: oryza.com

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