Pakistan rice export touches $1.06bn

[BHarwana]

KARACHI: Rice export from Pakistan has seen significant growth and crossed dollars one billion by the end of January since July 2017 showing increase of 29 percent in value and 15 percent in quantity.

In a statement here on Friday, the Senior Vice Chairman, Rice Exporters Association of Pakistan (REAP), Rafique Suleman said that Pakistan exported total 2.28 million metric tons of rice worth dollars 1.06 billion in last seven months, whereas in the same period of last fiscal year the figure was 1.971 million metric tons amounting to $.820 million.

‘We have come out of the crisis. REAP members were making their untiring efforts and doing aggressive marketing to increase the rice exports and to earn valuable foreign exchange for our beloved country Pakistan,’ he re-affirmed.


He was very much hopeful that this year the set target to export more than 4.0 million metric tons of Pakistani rice and would earn dollars 2 billion.

REAP had also focused on European countries. Due to the excessive pesticide residue found in Indian rice, she would loose European countries markets. It was a good opportunity for Pakistani rice exporters to grab EU market.

He also urged the government departments concerned to extend maximum support and facilitation to rice exporters for increase in their exports to European countries.

REAP leader informed that right now, demand for rice had increased around the globe. He was satisfied that this year the country had a very good crop in terms of quality and quantity. And, he continued, the prices of Pakistani rice were comparatively cheaper than that of its competitors including Thailand and Vietnam.






https://www.brecorder.com/2018/02/10/398347/pakistan-rice-export-touches-1-06bn/

 

[Samlee]

B'Coz of The EU and UK Ban on Indian Rice,Our Rice Exporters Are Harvesting A Bonanza

 

[AZADPAKISTAN2009]

Well it really should have been 5 Billion had the currency valuation been accurate
The fall in currency means we get less for more product supplied to developed countries

 

[Arsalan]

Well it really should have been 5 Billion had the currency valuation been accurate
The fall in currency means we get less for more product supplied to developed countries

What? Bro a stronger rupee would have meant lesser $$$ for same amount not the other way around.

 

[AZADPAKISTAN2009]

The value of rice would have been higher,
less rice would have been exported for same amount of money return

If they wanted to increase the quantity of rice , they would have paid more cash

Hypothetical Example:

With weakend Pakistani Currency (PML-N era)

• Lets imagine 100 Bags of rice are being sold for 100,000 Rupees we do converson to dollar @ 125 RS -1 USD and it comes to 800 Dollars

With Stronger Pakistani currency (Musharaf era Pakistani currency rate)

• 50 Bags of rice are sold for 100,000 Rupees we do a conversion to dollar at 60 RS - 1 USD it comes to 1600 Dollars

So , we would have sold less bags but made more money

When our currency is weakened from outside entities , we lose in Trade and our valuable assets like food is bought DIRT CHEAP


When you view this example in bigger context you will see the damage this international money association are doing to countries like Pakistan by minipulating currency valuations

 

[bafxet]

The value of rice would have been higher,
less rice would have been exported for same amount of money return

If they wanted to increase the quantity of rice , they would have paid more cash

Hypothetical Example:

With weakend Pakistani Currency (PML-N era)

• Lets imagine 100 Bags of rice are being sold for 100,000 Rupees we do converson to dollar @ 125 RS -1 USD and it comes to 800 Dollars

With Stronger Pakistani currency (Musharaf era Pakistani currency rate)

• 50 Bags of rice are sold for 100,000 Rupees we do a conversion to dollar at 60 RS - 1 USD it comes to 1600 Dollars

So , we would have sold less bags but made more money

When our currency is weakened from outside entities , we lose in Trade and our valuable assets like food is bought DIRT CHEAP


When you view this example in bigger context you will see the damage this international money association are doing to countries like Pakistan by minipulating currency valuations

There is absolutely no co-relation between weakening of currency and boosting exports.

 

[mkiyani]

wish Pakistan uses a better quality packaging and price should as close to indian or other competitor for rice.. we need to better our sale price..

 

[Arsalan]

The value of rice would have been higher,
less rice would have been exported for same amount of money return

If they wanted to increase the quantity of rice , they would have paid more cash

Hypothetical Example:

With weakend Pakistani Currency (PML-N era)

• Lets imagine 100 Bags of rice are being sold for 100,000 Rupees we do converson to dollar @ 125 RS -1 USD and it comes to 800 Dollars

With Stronger Pakistani currency (Musharaf era Pakistani currency rate)

• 50 Bags of rice are sold for 100,000 Rupees we do a conversion to dollar at 60 RS - 1 USD it comes to 1600 Dollars

So , we would have sold less bags but made more money

When our currency is weakened from outside entities , we lose in Trade and our valuable assets like food is bought DIRT CHEAP


When you view this example in bigger context you will see the damage this international money association are doing to countries like Pakistan by minipulating currency valuations

Sir this is not a stronger rupee but a stronger rice bag

The price of rice remains the same in such a study. A bag cost 1000 Rs in both situation so it will be a case where 100 bags will be 100000 Rs. With stronger $$ it means MORE $$ for the export. That is actually why the gov. weakens the Rs to get in more revenue from exports. Anyway! IT is not changing so as it stands, rice exports are doing good and i hope they keep doing it going forward and we can do the same for other agriculture products as well. Need to seriously work on fruit exports.

 

[ddlee96969]

The value of rice would have been higher,
less rice would have been exported for same amount of money return

If they wanted to increase the quantity of rice , they would have paid more cash

Hypothetical Example:

With weakend Pakistani Currency (PML-N era)

• Lets imagine 100 Bags of rice are being sold for 100,000 Rupees we do converson to dollar @ 125 RS -1 USD and it comes to 800 Dollars

With Stronger Pakistani currency (Musharaf era Pakistani currency rate)

• 50 Bags of rice are sold for 100,000 Rupees we do a conversion to dollar at 60 RS - 1 USD it comes to 1600 Dollars

So , we would have sold less bags but made more money

When our currency is weakened from outside entities , we lose in Trade and our valuable assets like food is bought DIRT CHEAP


When you view this example in bigger context you will see the damage this international money association are doing to countries like Pakistan by minipulating currency valuations

another exampal.
a pakistani businessman buy 100 bags of rice . the cost (include everything ) is 100,000 rupees. exchange rate of rupee at 125 RS -1 USD. the pakistani businessman can earn 960 USD ( 100000*1.2/125 include cost and profit ) after the man sell the 100 bages of rice to a usa company. i will see three kinds of defferent situations in the future after the business man retrun to bakistan.
first :the pakistani businessman exchange his usd to rupees at 125 RS -1 USD.he will own 120000 rupees.cost is 100000 rupees .profit is 20000. you see it is a normal situation.
second: the pakistani businessman exchange his usd to rupees at 250 RS -1 USD(weakend Pakistani Currency).he will own 240000 rupees.cost is 100000 rupees .profit is 140000. super returns.
third :the pakistani businessman exchange his usd to rupees at 100 RS -1 USD(Stronger Pakistani currency ).he will own 96000 rupees.cost is 100000 rupees .profit is -4000. oh bankruptcy。
in my opinion, weakend Pakistani Currency is good for trade ,but people may face inflaction .
emm my english is very poor . i am going to say sorry if i make mistake.