LAHORE: The rice export from the country have surged by 10.78 percent during first four months (July-October) of the ongoing fiscal year against same period of last year while export of basmati rice decreased by 31.22 percent to 131,160 metric tons from 174,191 metric tons during the corresponding period.
According to statistics, 898,603 metric tons of rice worth $339.92 million was exported during July-October 2015 as compared to 657,420 metric tons valuing $306.89 million during the same period last year.
During October 2015 rice export grew by 24 percent as compared to the same month of last year. During the month about 347,685 metric tons of rice worth $121.66 million was exported as compared to 22,948 metric tons valuing $9.493 million of the corresponding month last year.
However, a point of serious concern was raised by exporters on decline in export of Basmati rice, as the export of this superior quality rice decreased by 31.22 percent to 131,160 metric tons from 174,191 metric tons during the period under review.
