Sunday, October 2, 2022

Pakistan rice export to China witness increase in H1-22 - Daily Times

Last updated Tuesday, July 26, 2022 22:31 ET , Source: TopWireNews

Pakistan’s rice export to China in the first six months of this year is worth around US$345m, compared with the US$ 258m in the same period last year, according to the General Administration of Customs of the People’s Republic of China (GACC).
Pakistan’s rice exports witnessed a 23pc growth in the fiscal year 2021-2022 and reached US$2.511b compared with the US$2.041b in the fiscal year 2020-2021. As per official statistics, Pakistan exported 4.877m tonnes of rice in the fiscal year 2021-22 against 3.684m tonnes in the fiscal year 2020-2021, showing a growth of 32.35pc. Over the last couple of years, areas under rice cultivation have been on the rise. The crop was sown on 3,537 thousand hectares, showing an increase of 6.1pc against 3,335 thousand hectares last year. The record high output of rice stood at 9.323m tonnes during 2021-2022, higher by 10.7pc than the previous year’s production of 8.420m tonnes, China Economic Net (CEN) reported.
In addition to the increase in acreage, the increase in rice production is another important factor contributing to the surge in Pakistan rice exports. The renewal of good varieties and the use of advanced technology are essential factors to promote high yields. Hybrid rice from China has replaced some backward local varieties. Longping South Asia Seed R&D Centre has bred high-yield varieties with strong stress resistance in Pakistan, the yield of which is as high as 150 monz/ac. Shahzad Ali Malik, Chairman of the Pakistan Hi-Tech...

Read Full Story: https://dailytimes.com.pk/972795/pakistan-rice-export-to-china-witness-increase-in-h1-22/

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