Developing Countries Will Lead Global Rice Import Growth in 2013-22, Says USDA Rice growers positive California MG prices are UP Russia MG Harvest coming to end Egypt open rice exports Vietnam’s rice export in tough competition with India Thai rice exports in May Rise Above Target This Year Viet-Nam Rice exports likely to fall this year
Australia Medium Grain Rice #1 $ N/A    Egypt 101 #2 $760    Egypt 178 #2 Rice $730    EU Prices Baldo €660    EU Prices LG-A Ariete 5% €550    EU Prices MG Lotto 5% €500    EU Prices RG Balilla 5% €500    Russia Rapan $ 700    USA Jupiter Paddy $375    USA Calrose #1 Paddy $480    USA Jupiter Rice $630    USA Calrose #1 $830   

 Main Page
 Home Page of This Title
 Medium Grain Rice Market
 Global Market News
 Grain News
 Pulses News
 Global Overview
 Importers Profile
 Exporters Profile
 What Is Rice
 History Of Rice
 Rice Harvest Seasons
 Rice Processing
 Rice Nutrition Facts
 Meals With Rice
 Restaurants
 INCO Terms
 Ports
 US Rice Standards
 EU Codex Standards
 Egyptian Specs
 Sponsor List
 All Links
 Rice
 Grain
 Agriculture
 Commodity Exchange
 Weather
 Other
 Info
 Editor
 Advertisement
 Technical
Search in news database
Chinese market to be explored for Pakistani rice
MULTAN, Jan 11 : Pakistan could avail a golden chance of penetrating into a safe and un-competitive Chinese market, by exporting Irri-6 variety rice to China.

This was stated by Federal Minister for Food, Agriculture and Livestock Malik Sikandar Hayat Bosan while talking to reporters here.

He said that the government was actively considering a proposal to make an attempt to penetrate into the Chinese market and supply good quality rice on competitive rates. If Pakistan succeeded in obtaining the Chinese order for rice, it would not need to explore other markets in the world, since the country would then have to concentrate on the product quality.

Bosan said optimistically that there were bright prospects of a sizeable export of Irri-6 variety rice to China. The opportunity was explored during Premier Shaukat Aziz’s recent visit to China.

The government was looking into the matter seriously for availing the option, which would not only boost rice cultivation in the country but would also enable the rice growers to get better prices for their produces, he said.

The minister rejected the rumours and impression that Kenya had increased import duty on Pakistani rice, and clarified that such an increase was not yet imposed.

However, he said that the government of Kenya was considering such an increase. He said that the government of Pakistan was fully aware of the situation and would take all possible measures to safeguard the interests of rice growers and exporters.

The minister expressed his satisfaction on the phenomenal growth in cotton production in the country this year, which set a new record. The bumper crop would have a significant impact on the national economy. He said that the sizeable cotton crop this season was advantageous for the local textile industry, which would be benefited with an abundant supply of raw material at a cheap price, which would help them compete the world market.

The sources said that Pakistan’s rice year ran from April to November, but supplies had not yet peaked as the farmers’ community, aiming for higher prices, was releasing stocks slowly.

Iraq, Sri Lanka, Bangladesh and East African countries were traditional buyers of IRRI-6 from Pakistan. The fine-quality Basmati rice was popular mainly in the Middle East and Europe.

Sources said that demand for Basmati rice from the Middle East had also increased. Prices of Basmati saw a sharp increase during 2004 on the back of export orders, they said. The new crop was expected to yield 4.3 to 4.6 million tonnes, with domestic demand reaching 2.3 million tonnes.

Pakistan expected to export 1.9 million tonnes in the current fiscal year uptil June 30, against the previous year’s 1.72 million tonnes. The Irri-6 variety, mostly cultivated in Sindh, was the hardest hit, as the exporters could not face a tough competition from India, China and Vietnam.

Its export dropped by 41 percent due to a high cost in the domestic market.

A steep fall of over 28 percent in the rice export was recorded during the fiscal year 2001-02, as the country could only manage 1.287 million tonnes for exports, compared to 1.805 million tons in 2000-2001.

The drastic fall to 0.518 million tonnes in rice export resulted in lesser foreign exchange earnings, at $352.08 million, whereas during the fiscal 2000-01, the country earned $417.12 million, the figures given by the QRC inspection cell of Rice Exporters’ Association of Pakistan (REAP).

A major factor for lesser export, reckoned by exporters, was the reverse trend in the world rice market, particularly for the coarse rice, ie Irri-6 and Irri-9, coupled with non-availability of 386 variety (non-basmati) rice.

The unbalanced cultivation policy, adopted by the Ministry of Food, Agriculture and Livestock (MINFAL), resulting in shortage of such varieties, which were in great demand in the world market, owing to their cheaper price, also adversely affected exports, a rice exporter said.
MGR Archive 12.1.2005
Printer Friendly Version Of This Article
Send This Article To A Friend
User Name:
Password:
      Forgot your Password?
Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
Click for Details

Medium Grain Reports
Rice Market News
World Rice Markets and Trade
USDA Country Reports
Rice Market Monitor
Rice Outlook
Italian Paddy Supply
European Rice Weekly
EU Reports
Convert this amount:


Convert
  © 2002 All rights reserved. - Legal Notice