Islamabad, July 3 (TNS): Pakistan has exported rice worth around 2 billion U.S. dollars during the last fiscal year (FY), June 2017-July 2018, local media quoted officials as saying on Tuesday<\/p>\n
Officials from the country\u2019s Trade Development Authority said the country\u2019s rice export hit the 2-billion-U.S.-dollar mark for the first time since the FY2014-15 as it achieved the target of 4 million tonnes of the crop yield this year.<\/p>\n
During the last fiscal year, exporters not only fetched huge orders from a number of countries, including even the rice-exporting Indonesia, but also managed to sell rice at a higher value per tonne, taking advantage of stable market prices and focusing on exports of branded rice in consumer packaging, the report said.<\/p>\n
Average per-tonne export price of rice in the last fiscal year also rose to around 1,040 U.S. dollars, from below 950 U.S. dollars in fiscal year 2016-17. Rise in international prices of rice coupled with a higher demand of Pakistani rice and local rice exporters investment on processing and packaging of rice also contributed to the achievement.<\/p>\n
Exporters and officials agreed that for sustaining growth in export earnings of rice, the share of higher-priced \u201cBasmati rice,\u201d a good quality of rice cultivated mainly in Pakistan and India and sold at a good price in international market, must be increased.<\/p>\n","protected":false},"excerpt":{"rendered":"
Islamabad, July 3 (TNS): Pakistan has exported rice worth around 2 billion U.S. dollars during the last fiscal year (FY), June 2017-July 2018, local media quoted officials as saying on Tuesday Officials from the country\u2019s Trade Development Authority said the country\u2019s rice export hit the 2-billion-U.S.-dollar mark for the first time since the FY2014-15 as […]<\/p>\n","protected":false},"author":1,"featured_media":70359,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59],"tags":[],"class_list":["post-70358","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/70358","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=70358"}],"version-history":[{"count":1,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/70358\/revisions"}],"predecessor-version":[{"id":70360,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/70358\/revisions\/70360"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/media\/70359"}],"wp:attachment":[{"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}