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Bright prospects of rice export to China
BEIJING: China National Cereals, Oils and Foodstuffs Import and Export Corp (COFCO) and Chinese companies have assured their support for finding a big market for Pakistani rice.

The assurance was given to a delegation of Pakistani rice exporters visiting China.

During meetings with the delegation, COFCO officials said Pakistani exporters could have ample opportunities to sell their product in the local market, especially long-grain rice.

China was planning to import 2.3 million tons grain rice this year. According to an estimate, initially Pakistan’s annual rice supply to China could be around 50,000 tons.

Pakistan exporters would be required to launch an aggressive and consistent campaign to find potential buyers, said a delegation member. “We hope to successfully compete with rice exporters from other countries by presenting better quality on relatively less price,” he said talking to APP.

During the visit, the delegation had productive meetings with major rice buyers in Shanghai. Free-Basmati rice testing was also arranged on the occasion by the Pakistan consulate general, which received an encouraging response. The city’s big stores showed their willingness to sell Pakistani rice.

According to sources, Pakistan’s rice growers and exporters have bright prospects of earning reasonable profits, since tariff on agriculture products would come to zero from January, 1, under the Early Harvest Programme, recently signed by the two countries.

An official from China’s Chamber of Commerce for Import and Export of Foodstuffs and Native Produce said that China would encourage import of agro-based products from Pakistan, including rice and fruit. Pakistani side would have no problem of ‘quota restriction, he added.

The Chinese government has already completed necessary legal requirements allowing import of Pakistani rice and mango from this year. app
MGR Archive 28.12.2005
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Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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