Business

Pakistan rice export to China increases nearly 10%

Published by
Web Desk

BEIJING: Pakistan’s export of rice to China crossed $277.56 million in the first five months of Financial Year 2021-2022, up 9.73 percent year-on-year bases. Pakistan remained one of the major broken rice suppliers to China, according to the official data from the General Administration of Customs of the People’s Republic of China (GACC).

Badar uz Zaman, Commercial Counselor of the Pakistani Embassy in Beijing, said that currently broken rice, especially IRRI-6, IRRI-9, and semi or wholly milled rice were the main varieties of rice exported to China while Basmati and other top varieties still need to work hard to capture the Chinese market.

“Last year, China imported 973,000 tons of rice worth $437 million from Pakistan. Seven new Pakistan rice exporters have been added to the approved list, which has risen to 53 in 2021. China relaxed import restrictions on Pakistani rice which helped rice export to China”, Badar mentioned.

He believes that within a few years Pakistan will become the largest rice exporter to China, CEN reported.

In the first five months, broken rice, commodity code (10064080), crossed about $42 million, an increase of nearly 865.26% as compared with last year, which was $4.32 million. Semi or wholly milled rice, commodity code (10063020), reached $132 million, according to GACC data received by Pakistan.

Read more: Pakistan to work closely with China on realizing shared vision of prosperity: PM Shehbaz

Badar Uz Zaman said that Pakistan was using traditional and especially social media platforms here to create awareness about Pakistani rice in the Chinese market.

Web Desk

Recent Posts

PM Shehbaz condemns attacks on KSA, reaffirms Pakistan’s solidarity

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday strongly condemned the recent attacks on Saudi Arabia,…

11 minutes ago

Gold prices drop by Rs5,600 per tola in Pakistan

KARACHI: The gold prices in Pakistan have been reduced to Rs 424,136 following a reduction…

1 hour ago

When will Safar moon be sighted? SUPARCO predicts

ISLAMABAD: According to Pakistan Space and Upper Atmosphere Research Commission (SUPARCO), the new moon of…

2 hours ago

11 died as house collapses in Kohat after heavy rains

KOHAT: A residential house collapsed due to heavy rain in the Malgin area of ​​Lachi…

3 hours ago

Alternative to the Strait of Hormuz Ready: UAE Decides to Build New Port

ABU DHUBAI: The United Arab Emirates has prepared a plan to establish a new multi-purpose port…

3 hours ago

Afghan Women’s refugee team could Play International matches by 2030

DUBAI: The International Cricket Council (ICC) is considering plans that could allow the Afghan women's…

3 hours ago