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Rice export fetches $1.12 billion in fiscal year 2006
KARACHI (July 03 2006): The fiscal year 2005-06 proved to be the honeymoon year for the Pakistan rice export, as the country became the member of $1 billion club, while the total exports touched $1.12 billion mark. Pakistani rice exporters with their tremendous efforts achieved the target of $1 billion one year earlier and set a new record of the country's rice export in one year.

Out of the total rice exports around 880,000 tonnes of Basmati variety of rice worth around $500 million was exported during the said period while the total export of Irri-6 variety was reached up to $620 million.

Around 733,502 tonnes of Basmati rice worth $418.746 million were exported only from Karachi while the total rice export from Lahore reached 13,432 tonnes worth $7.005 million.

The rice export from Quetta increased tremendously during the fiscal year 2005-06 as over 125,735 tonnes of Basmati rice worth $40.995 were exported only from Balochistan to neighbouring countries through land routes.

The Quetta-based rice exporters are exporting rice to Iran, Afghanistan, Central Asian republics and other neighbouring countries through land routes from Balochistan and the rice export from this province is increasing rapidly by the passage of time.

The Rice Exporters Association of Pakistan (Reap) while considering the efforts of Quetta-based rice exporters, has set up it regional office at Quetta to facilitate the rice traders for increasing country's rice export.

The rice exporters also played a very important role in value-addition of this commodity during the year and the Basmati rice was exported on the average price of $535 per tone. The highest rate was recorded $590 per tone from Karachi while the lowest price remained at $314 per tone from Quetta. The rice exporters also explored new markets and during the fiscal year 2005-06.
MGR Archive 5.7.2006
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Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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