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Exporters eyeing $3 billion rice export on expected bumper crop
By Moonis Ahmed
KARACHI: The government has set export target of $3 billion compared to $2.5 billion last year, as bumper rice crop is expected during the current season, Rahim Janoo, newly elected chairman of Rice Exporters Association of Pakistan told Daily Times.
Pakistan so far has exported a total of $1 billion rice out of which the largest share was exported to Kenya, the largest buyer of Pakistani rice in Africa. It is expected that rice worth Rs 200 billion will be exported to Kenya this year.
The exports to Iran are also expected to resume, which were earlier hindered by Indian exports. Recently, Iran has also reduced import duty on the staple food, which is an additional advantage for the local exporters.
Ijaz Ahmed Choudhary, a rice exporter, told Daily Times that the decision of cutting the import duty by Iran would definitely boost Pakistani rice export.
In the international market the prices of Irri-6 plunged by almost 100 percent from $800 per tonne to $400.
An exporter, Muhammad Amin said that the local market would witness the impact of declining prices in the international market. The traders are continuing to fleece the consumers and are not providing any relief to them. The government should take serious notice of this malign practice, he demanded. Replying to a question about rice husking, Jano said, About 7000 rice husking mills need technical staff to increase their productivity and REAP plans to establish training centers for providing skilled labour to the husking mills.
REAP has planned to set up two training schools for the training of the technical staff who can operate modern machines. We need a grant of Rs 100 million form the government in this regard, he demanded. REAP has also set a vision 2020, by which the association has set a target of $20 billion rice exports.
Earlier, high commissioner of Pakistan in Kenya, Iftekhar Ahmed Arain held a meeting with REAP managing committee members. Iftekhar said that besides Kenya, Uganda and Tanzania are also interested to import Pakistani rice.
He said that there is substantial demand for rice in the international markets, as Philippines, India and other rice growing countries have banned exports to prevent local food shortages.
The ban on non-basmati rice exports from India will continue to keep local prices firm and put a tight rein stocks in the UAE. Pakistan can earn much-needed foreign exchange through rice exports, he added. Replying a question he said that substituting rice for tea is not a viable option and we are not going to take that course. He demanded that a free trade agreement should be negotiated with African countries, as it is a potential market for Pakistani rice.
http://www.thedailytimes.com.pk
By Moonis Ahmed
KARACHI: The government has set export target of $3 billion compared to $2.5 billion last year, as bumper rice crop is expected during the current season, Rahim Janoo, newly elected chairman of Rice Exporters Association of Pakistan told Daily Times.
Pakistan so far has exported a total of $1 billion rice out of which the largest share was exported to Kenya, the largest buyer of Pakistani rice in Africa. It is expected that rice worth Rs 200 billion will be exported to Kenya this year.
The exports to Iran are also expected to resume, which were earlier hindered by Indian exports. Recently, Iran has also reduced import duty on the staple food, which is an additional advantage for the local exporters.
Ijaz Ahmed Choudhary, a rice exporter, told Daily Times that the decision of cutting the import duty by Iran would definitely boost Pakistani rice export.
In the international market the prices of Irri-6 plunged by almost 100 percent from $800 per tonne to $400.
An exporter, Muhammad Amin said that the local market would witness the impact of declining prices in the international market. The traders are continuing to fleece the consumers and are not providing any relief to them. The government should take serious notice of this malign practice, he demanded. Replying to a question about rice husking, Jano said, About 7000 rice husking mills need technical staff to increase their productivity and REAP plans to establish training centers for providing skilled labour to the husking mills.
REAP has planned to set up two training schools for the training of the technical staff who can operate modern machines. We need a grant of Rs 100 million form the government in this regard, he demanded. REAP has also set a vision 2020, by which the association has set a target of $20 billion rice exports.
Earlier, high commissioner of Pakistan in Kenya, Iftekhar Ahmed Arain held a meeting with REAP managing committee members. Iftekhar said that besides Kenya, Uganda and Tanzania are also interested to import Pakistani rice.
He said that there is substantial demand for rice in the international markets, as Philippines, India and other rice growing countries have banned exports to prevent local food shortages.
The ban on non-basmati rice exports from India will continue to keep local prices firm and put a tight rein stocks in the UAE. Pakistan can earn much-needed foreign exchange through rice exports, he added. Replying a question he said that substituting rice for tea is not a viable option and we are not going to take that course. He demanded that a free trade agreement should be negotiated with African countries, as it is a potential market for Pakistani rice.
http://www.thedailytimes.com.pk
