Rice Export Surges 22.14% In 8 Months
The export of rice from the country surged by 22.14 percent during first eight months (July-February) of the current fiscal year as compared to same period of last year.
According to details, the rice export jumped to $1.262 billion in July-February (2017-18) as against the export worth $1.003 billion in the same period of the preceding year.
In terms of quantity, the rice export increased to 2.67 million metric ton from 2.334 million MT in July-February (2016-17), showing an increase of 11.48 percent, according to the latest data released by Pakistan Bureau of Statistics (PBS).
On yearly basis, the rice export also increased by 24.24 percent as it rose to $194.342 million in February 2018 from $156.43 million in the same month of the year 2017.
On a month-on-month basis, the exports, however, witnessed a decrease of 10.8 percent as the exports during January 2018 were recorded at $217.9 million.
The overall food group export also witnessed an increase of 21.7 percent during July-February (2017-18) as compared to same period of last year.
During the period under review, the food exports jumped to $2.84 billion as compared to the exports of $2.334 billion in the same period of last year.