Pakistan rice exports to jump to record high after India s curb on shipments khaleejtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from khaleejtimes.com Daily Mail and Mail on Sunday newspapers.
The record exports are helping to alleviate tight supplies following the restrictions imposed last year by India, the world s biggest exporter, and will bolster Pakistan s depleted foreign exchange reserves, which are crucial for financing imports.
MUMBAI/KARACHI: Pakistan’s rice exports are likely to jump to a record high in the year ending in June as rival India’s decision to curb its own shipments forces buyers to purchase more.
Indian curbs to propel Pakistan s rice exports towards record high dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.
Rice is among the most critical food staples, with billions of people dependent on it for nourishment. In 2023, rice prices rose sharply, partly due to the export ban instituted by the world’s largest rice exporter, India. Other countries, such as Vietnam, have attempted to meet unfulfilled demand, but rice-price relief is not imminent.