Rice Exports Increases 50.76%, Reached To $470.584 Million In First Quarter Of FY 2019-20

Rice exports from the country during first quarter of current financial year grew by 50.76% as compared the exports of the corresponding period of last year

ISLAMABAD, (UrduPoint / Pakistan Point News - 23rd Oct, 2019 ) :Rice exports from the country during first quarter of current financial year grew by 50.76% as compared the exports of the corresponding period of last year.

During the period form July-September 2019, about 839,356 metric tons of rice worth $470.584 million was exported as compared the exports of 551.5,86 metric tons valuing $312.147 million of same period of last year.

According the data released by the Pakistan Bureau of Statistics, the exports of basmati rice increased by 47.29%, about 212,873 metric tons of basmati rice valuing $194.669 million exported as compared the 127,669 metric tons worth $132.166 million of same period of last year.

Country earned $275.915 million by exporting rice other then basmati, as about 226,983 metric tons of above mentioned commodity exported 423,917 metric tons valuing $179.981 million of same period of last year, it added.

Meanwhile, 34,090 metric tons of fish and fish preparations worth $79.549 million were also exported in first quarter of current financial year as compared to the exports of 25,859 metric tons valuing $67.294 million of same period of last year.

According the trade data, the fish and fish products exports registered about 81.

21% growth in last three months as compared to the same period of last year, the data reveled.

During the period under review, fruits and vegetables exports from the country also recorded positive growth of 10.20% and 21.11% respectively.

The country earned $111.338 by exporting about 131,762 metric tons of fruits, where as $38.459 million by exporting 145675 metric tons of vegetables respectively, it added.

Meanwhile the exports of the commodities that remained on down track during the period under review included wheat 88.11%, spices 2.71%, oil seed nuts and kernals reduced by 13.50% and the exports of sugar decreased by 22.95%.

It may be recalled here that food group exports of the country during first quarter of current financial year increased by 13.98% as different food commodities worth US$984.757 million exported as compared to the exports of $864.005 million of the corresponding period of last year.

Meanwhile, the imports of the food commodities into the country decreased by 24.78% as it came down from $1.458 billion of first quarter of last year to $1.096 billion in same period of current financial year.