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Daily November 24, 2014
Exclusive ORYZA E-Newsletter
DAILYCompiled EXCLUSIVE ORYZA E-NEWSLETTER & Edited by Riceplus Magazine November 24, 2014
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November 24, 2014
DAILY EXCLUSIVE ORYZA E-NEWSLETTER
News Headlines… What To Do When your Rice Plant Sports Dead Hearts and White Ears… Cambodia Exports 304,788 Tons of Rice in January October 2014; Up 3% from Last Year Brazil Exports 985,907 Tons of Rice in First Ten Months of 2014 Flood, Drought Resistant Rice Varieties Developed for Indian Eastern State Odisha Oryza Overnight Recap - Chicago Rough Rice Futures Little Changed as Market Looks to Close Week with First Gain in over a Month Oryza White Rice Index – Quotes Continue Lower as Thailand Struggles to Shed Excess Stocks FAO Estimates Mozambique 2014 Paddy Rice Production to Decline 2% y/y to 343,000 Tons Asia Rice Quotes Unchanged Today Pakistan Approves $98 Million Subsidy for Small Scale Basmati Rice Farmers South Korean Farmers Protest China FTA, Rice Market Opening Pakistan Rice Exports Increase Sharply in October 2014
News Detail… What To Do When your Rice Plant Sports Dead Hearts and White Ears… Nov 21, 2014
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November 24, 2014
DAILY EXCLUSIVE ORYZA E-NEWSLETTER
More than 100 species of insects infest, multiply and damage the rice crop in India, especially in Andhra Pradesh in south India, which is described as ‘Rice Bowl of India’. In the first of a two-part series, Dr. N. Mallikharjuna Rao, Programme Coordinator, Krishi Vigyan Kendra, Wyra, Khammam district, discusses the notorious pests that affect the rice plant and gives us tested solutions to it.
Oryza: What is the current scene of insect species on rice crop in India? Dr Mallikharjuna: Rice is the most important food crop of more than 65 per cent of the people of India. Insect pests are the significant biotic stresses which not only limit the productivity but also destabilize rice production. The tropical warm and humid climate prevalent in the country is very favourable for insect diversity and abundance. More than 100 species of insects infest and damage the rice crop in India. About 20 species are of major economic significance. Oryza: From your research at your Krishi Vigyan Kendra [farmer’s information centre) what are the pests that are India’s biggest concerns? Dr Mallikharjuna: The important insect pests which attack rice nurseries are yellow stem borer, Gall Mmidge, thrips, hispa and swarming caterpillar. Oryza: Is the Yellow stem borer as dangerous as it is made to sound? Dr Mallikharjuna: Rice stem borer occur regularly and attack plants from seedling stage to maturity. The Yellow stem borer, Scirpophaga incertulas and Pink stem borer, Sesamia inferens are important stem borer species in Andhra Pradesh, which is known as the rice bowl of India. The female adult moth is in light yellow with black spot on fore wings. Oryza: When should the farmer get alert about Yellow stem borer? Dr Mallikharjuna: When he spots tiny larvae congregate and enter the leaf sheath. There they feed for about a week and then bore into the stem, young larvae feed on leaves and leaf sheaths. Medium aged larvae penetrate the leaf sheath and feed between the sheath and live for several days before entering the stem. Older larvae feed inside the stem near the base of the plant. Affected plants show typical drying of the central shoot called as "dead hearts" in the vegetative phase and "white ears" with no grain filling the reproductive phase of the crop. Oryza: Is it specific to the crop season? Dr Mallikharjuna: Rabi crop may have three broods, while Kharif crop has two broods. In Riceplus Magazine wwww.ricepluss.com mujahid.riceplus@gmail.com Cell: +92 321 369 2874
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November 24, 2014
DAILY EXCLUSIVE ORYZA E-NEWSLETTER
Kharif crop, white ear damage resulting from second a d third broods is much severe than the dead heart damage. In Rabi crop, white ear incidence is more severe. Oryza: What are steps should comprise management of the pest? Dr Mallikharjuna: It can be done in various ways. - Picking up of egg masses in nurseries. - Clipping of tips of seedlings at planting - Ploughing the stubbles soon after harvest - Avoid excessive nitrogen fertilizers - Depending on the need (One egg mass or adult moth/sq.m) spray chlorpyriphos 2.5 ml or acephate 1.5g or profenophos 2 ml/lit - Apply Carbofuran 3 G @ 160 g per cent one week before pulling of nursery. ‌ About Gall Midge, Rice Thrips, Swarming Caterpillar in concluding part‌ Tags: Rice, rice news, dead heart, white ear, KVK, wyra, Dr Mallikharjun
Cambodia Exports 304,788 Tons of Rice in January - October 2014; Up 3% from Last Year Nov 21, 2014
Cambodia exported around 304,788 tons of rice in the first ten months of 2014, up about 3% from around 295,154 tons exported during the same period in 2013, according to data from the Secretariat of One Window Service for Rice export Formality (SOWS-REF). Cambodia exported 379,856 tons of rice in 2013. In October 2014, Cambodia exported around 35,418 tons of rice, slightly down from around 35,511 tons of rice exported in September 2014 and up about 22% from around 29,031 tons of rice exported in October 2013. Cambodia exported around 14,408 tons of long-grain white rice, around 11,118 tons of jasmine rice, around 8,580 tons of fragrant rice and around 1,312 tons of long-grain parboiled rice in October 2013. Major export destinations for Cambodian rice so far this year were European nations, China and Malaysia.
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November 24, 2014
DAILY EXCLUSIVE ORYZA E-NEWSLETTER
Brazil Exports 985,907 Tons of Rice in First Ten Months of 2014 Nov 21, 2014
Brazil has exported around 985,907 tons of rice in January - October 2014 according to data released by the Rice Institute of Rio Grande do Sul (IRGA).
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November 24, 2014
DAILY EXCLUSIVE ORYZA E-NEWSLETTER
Venezuela remained the largest importer of Brazilian rice in January - October 2014 with 141,524 tons, or about 14% of total Brazil's rice exports during the period. Sierra Leone
accounted for 116,835 tons (about 12% of total Brazil's exports during the first ten months of 2014); Cuba accounted for 115,329 tons (about 12% of total Brazil's exports during the tenmonth period); Senegal accounted for around 98,738 tons (about 10% of Brazil's exports during the ten-month period); and Gambia and Nicaragua accounted for 9% and 7% of total rice exports during the January - October 2014 period with 90,782 tons and 65,739 tons respectively. Brazil’s National Grains Supply Company (Conab) has forecasted the country's 2014-15 (November - October) paddy rice production at around 12.51 million tons, down about 3% from around 12.162 million tons in 2013-14. USDA estimates Brazil MY 2014-15 (April – March) paddy rice production at around 12.28 million tons (around 8.35 million tons, basis milled), slightly up from around 12.2 million tons (around 8.3 million tons, basis milled) in MY 2013-14. It estimates Brazil’s 2014-15 paddy rice acreage at around 2.45 million tons, up about 2% from around 2.4 million tons produced in MY 2013-14. USDA estimates Brazil to export around 900,000 tons of rice and import around 700,000 tons of rice in 2014. Tags: Brazil rice exports, IRGA
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November 24, 2014
DAILY EXCLUSIVE ORYZA E-NEWSLETTER
Flood, Drought Resistant Rice Varieties Developed for Indian Eastern State Odisha Nov 21, 2014
The Central Rice Research Institute (CRRI), based in the Indian eastern state of Odisha, has developed three new rice varieties - CR -204, CR -205 and CR -306 - which can withstand extreme weather conditions of Odisha and yet provide higher yields, according to local sources.Odisha rice farmers often struggle with drought or floods, which tend to affect yields in the state.Sources from the CRRI were quoted as saying that varieties CR -204, CR -205 are drought-resistant strains, require very little water to grow and are ideal for drought-prone areas of the state. These are fast growing varieties and can be harvested in 105-110 days, and can produce an yield of around 6 tons per hectare. They require only 3,000 litres of water compared to 5,000 litres needed by traditional varieties. Strain CR -306 is flood-resistant and can thrive in excess water and can remain submerged in water up to a maximum of one meter while sustaining blowing winds, and can produce an yield of about 5-6 tons per hectare.Odisha produces accounts for about 7.5% of total India's rice production. The state produced about 7.6 million tons of rice in 2013-14, up about 3% from around 7.3 million tons in 2012-13, according to the Indian Ministry of Agriculture. India produced around 106.54 million tons (91.69 from kharif and 14.85 from rabi) of rice in 2013-14 (October – September), up about 1% from around 105.31 million tons in 2012-13. Tags: India rice varieties, CRRI drought-tolerant rice varieties, flood-tolerant rice varieties
Oryza Overnight Recap - Chicago Rough Rice Futures Little Changed as Market Looks to Close Week with First Gain in over a Month Nov 21, 2014
Chicago rough rice futures for Jan delivery are currently trading 1.5 cents per cwt (about $0.33 per ton) lower at $12.565 per cwt (about $277 per ton) during early morning floor trading in Chicago. The other grains are seen trading higher: soybeans are currently seen about 0.9% Riceplus Magazine wwww.ricepluss.com mujahid.riceplus@gmail.com Cell: +92 321 369 2874
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November 24, 2014
DAILY EXCLUSIVE ORYZA E-NEWSLETTER
higher, wheat is listed about 0.9% higher and corn is noted about 1.7% higher. U.S. stocks traded nearly 1% higher on Friday after China's central bank made its first interest rate cut in more than two years and the European Central Bank took action to stimulate the economy. The People's Bank of China cut its benchmark interest rates Friday for the first time in more than two years on Friday to lower borrowing costs and lift a cooling economy back on track. The oneyear benchmark lending rate has been trimmed by 40 basis points to 5.6%. One-year benchmark deposit rates would be lowered by 25 basis points, the PBOC announced, adding that the reductions would be effective on November 22. Major European national stock indices gained more than 2 percent after European Central Bank President Mario Draghi reiterated dovish statements in a speech at a European banking conference in Frankfurt on Friday. Later in the day, the ECB also announced that it has begun buying asset-backed securities. The S&P gained 16 points in the open, or 0.82%, at 2,069, with energy leading gains across all 10 sectors except telecommunications. The Nasdaq pared gains to rise 31 points, or 0.68%, at 4,733. Gold is currently trading about 1.1% higher, crude oil is seen trading about 0.7% higher, and the U.S. dollar is currently trading about 0.6% higher at 10:00am Chicago time. Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market
Oryza White Rice Index – Quotes Continue Lower as Thailand Struggles to Shed Excess Stocks Nov 21, 2014
The Oryza White Rice Index (WRI), a weighted average of global white rice export quotes, ended the week at about $447 per ton, down about $3 per ton from a week ago, down about $11 per ton from a month and a year ago. Thailand Thailand 5% broken rice is today shown at about $410 per ton, unchanged from a week ago, down about $15 per ton from a month ago and up about $5 per ton from a year ago. After losing a significant share of jasmine rice exports to Hong Kong during the last three years, Thailand hopes to revive exports there by working with Thai exporters and Hong Kong importers and possibly certifying Hom Mali rice. In the first nine months of 2014, Thailand rice exports increased about 15% from last year in terms of tonnage but declined in value. During January-September, Thailand exported about 7.6 Riceplus Magazine wwww.ricepluss.com mujahid.riceplus@gmail.com Cell: +92 321 369 2874
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November 24, 2014
DAILY EXCLUSIVE ORYZA E-NEWSLETTER
million tons of rice.
Meanwhile, the Thai Finance Ministry plans to issue long-term bonds with three to ten years term to maturity in efforts to cover losses of about 682 billion baht (about $21 billion) from the rice pledging programs. India India 5% broken rice is today shown at about $415 per ton, unchanged from a week and a year ago and down about $5 per ton from a month ago. The government of India’s eastern state of Odisha is seeking investments in the state’s rice sector Riceplus Magazine wwww.ricepluss.com mujahid.riceplus@gmail.com Cell: +92 321 369 2874
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November 24, 2014
DAILY EXCLUSIVE ORYZA E-NEWSLETTER
to improve production capacity in the state. Vietnam Vietnam 5% broken rice is today shown at about $410 per ton, down about $10 per ton from a week ago, down about $30 per ton from a month ago and unchanged from a year ago. Vietnam exported around 5.49 million tons of rice during January 1-November 11, down about 11% from January-November 2013. The average rice export price so far this year stands at around $436 per ton (FOB), up about $5 per ton from the same time last year. Pakistan Pakistan 5% broken rice is today shown at about $395 per ton, down about $5 per ton from a week and a month ago and up about $15 per ton from a year ago. The National Space Agency of Pakistan estimates the country’s FY 2014-15 (July-June) milled rice production to decline about 19% from last year to about 5.65 million tons. The Pakistan government is planning to provide subsidies to basmati rice farmers to help them wade off the effects of declining rice export prices. Central & South America Brazil 5% broken rice is today shown at about $550 per ton, unchanged from a week ago, down about $60 per ton from a month ago and down about $135 per ton from a year ago. The Brazilian paddy rice index maintained by CEPEA reached around 37.25 real per 50 kilograms as of November 17, 2014, up about 0.8% from around 36.94 real per 50 kilograms recorded on November 10, 2014. In terms of USD per ton, the index reached around $286 per ton on November 17, 2014, down about 1.7% from around $291 per ton recorded on November 10, 2014. Five percent broken rice from Uruguay and Argentina is today shown at about $600 per ton, unchanged from a week and a month ago and down about $30 per ton from a year ago. The government of Venezuela has fixed the maximum retail price for rice at 9.63 Bolivars per kilogram (around $1,352 per ton) for paddy rice for producers and/or primary importers and at 26.25 Bolivars per kilogram (about $4,175 per ton) for milled rice for the agribusiness wholesale distributor. Riceplus Magazine wwww.ricepluss.com mujahid.riceplus@gmail.com Cell: +92 321 369 2874
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November 24, 2014
DAILY EXCLUSIVE ORYZA E-NEWSLETTER
U.S. U.S. 4% broken rice is today shown at about $545 per ton, unchanged from a week ago, up about $25 per ton from a month ago and down about $45 per ton from a year ago. The U.S. cash market firmed up some this week, especially after news broke that the Iraqi Grain Board agreed to buy 120,000 tons of long grain milled rice from the U.S. Chicago rough rice futures for January delivery also responded to the Iraqi tender award to the U.S., with large gains on both Wednesday and Thursday. Futures opened at $11.935 per cwt (about $263 per ton) on Monday morning before jumping to a high of $12.450 per cwt (about $275 per ton) Wednesday and continuing to climb Thursday and Friday. They closed the week with a gain, at $12.600 per cwt (about $278 per ton), for the first time in over a month. Other Markets Cambodia 5% broken rice is today shown at about $460 per ton, unchanged from a week, down about $10 per ton from a month ago, and unchanged from a year ago. Cambodia exported around 304,788 tons of rice in the first ten months of 2014, up about 3% from around 295,154 tons exported during the same period in 2013, according to data from the Secretariat of One Window Service for Rice export Formality (SOWS-REF). Cambodia exported 379,856 tons of rice in 2013. Myanmar plans to set up a National Standardization Council to comply with the Standardization Law passed this summer, which has a goal of standardizing several products, including rice, production technologies, and services. The Chinese customs authority has threatened to seize rice imports through Myanmar’s Muse border. During the first two months of 2014-15, the European Union has imported around 45,438 tons of rice from the Asian Everything but Arms (EBA) countries, such as Cambodia and Myanmar, an increase of about 7% from the same period last year. The free trade agreement China and Australia have just signed removes tariffs on dairy products, gold, energy products, and other items, but maintains the tariff system for agricultural products such as rice, sugar, wheat, and cotton. These agricultural items may be considered during a review three years down the road. Iraq has purchased 150,000 tons of rice of U.S. and Thailand origins in a tender. The Iraq Trade Ministry has issued a new international tender to buy at least 30,000 tons of rice from Uruguay, Argentina, Brazil, Vietnam, Thailand, and the U.S. with a closing date of November 24. Riceplus Magazine wwww.ricepluss.com mujahid.riceplus@gmail.com Cell: +92 321 369 2874
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November 24, 2014
DAILY EXCLUSIVE ORYZA E-NEWSLETTER
Separately, the Iraq government will buy rice from local farmers at above-market prices during the 2014-15 season to encourage farmers, according to Bloomberg. Bangladesh’s Ministry of Commerce has amended a Statutory Regulatory Order, under which the government banned the export of non-fragrant rice exports until June 2015. The amendment will allow rice exports to Sri Lanka. The UN’s FAO has forecasted paddy rice production in 2014 in Laos to decline about 3% from last year to 3.3 million tons. The government of Indonesia is planning an agricultural stimulus package to boost rice production in the country, targeting an increase of about 4% in 2015 to around 73.4 million tons from 70.61 million tons in 2014. The state-owned logistics agency Bulog is aiming to procure about 3.2 million tons of rice from local farmers in 2015 to maintain its stockpiles. Paddy rice production in 2014 in the Philippines is estimated to be about 18.88 million tons, up about 2.4% from 2013, according to the Philippine Statistics Authority. Meanwhile, average domestic rice prices in the Philippines showed diverse trends in September, according to the Philippines Bureau of Agricultural Statistics, with retail and wholesale prices of well-milled rice increasing marginally and regular-milled rice price declining marginally. The 2014-15 paddy crop harvest in Italy began September 1 and as of November 11, 393,022 tons of rice have been sold. Tags: oryza white rice index (OWRI), rice news, Rice Prices
FAO Estimates Mozambique 2014 Paddy Rice Production to Decline 2% y/y to 343,000 Tons Nov 21, 2014
The UN's Food and Agriculture Organization (FAO) has estimated Mozambique's 2014 paddy rice production at around 343,000 tons (around 223,000 tons, basis milled), down about 2% from around 351,000 tons (around 228,000 tons, basis milled) produced in 2013 due to rainfall deficits in some rice-growing parts of the country. Planting for 2014-15 main cropping season (October - September) has begun and is underway in southern and some central provinces. Planting in northern provinces will commence in late November and December when seasonal rains occur. Based on estimates of normal to abovenormal rains across most of the country between December 2014 to March 2015, FAO estimates Riceplus Magazine wwww.ricepluss.com mujahid.riceplus@gmail.com Cell: +92 321 369 2874
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November 24, 2014
DAILY EXCLUSIVE ORYZA E-NEWSLETTER
positive outlook for 2015 rice crop.
Average retail rice prices have been stable since June 2012 at around 25,000 Metical per ton (around $800) though they declined slightly in April and May 2014. Mozambique is a net importer of rice and imports around 70% of its annual consumption needs. USDA estimates Mozambique to produce around 351,000 tons of paddy rice (around 228,000 tons, basis milled) and import around 520,000 tons in MY 2014-15 (May - April). Tags: Mozambique paddy rice production, Mozambique rice imports, FAO
Asia Rice Quotes Unchanged Today Nov 21, 2014
Asia rice sellers kept their quotes mostly unchanged today. 5% Broken Rice Thailand 5% rice is quoted at around $405 - $415 per ton, on par with Vietnam 5% rice shown at around $405 - $415 per ton. India 5% rice is quoted at around $410 - $420 per ton, about $20 per
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November 24, 2014
DAILY EXCLUSIVE ORYZA E-NEWSLETTER
ton premium on Pakistan 5% rice quoted at around $390 - $400 per ton. 25% Broken Rice
Thailand 25% rice was last quoted at around $350 - $360 per ton, about $25 per ton discount to Vietnam 25% rice shown at around $375 - $385 per ton. India 25% rice is quoted at around $370 - $380, about $20 per ton premium on Pakistan 25% rice quoted at around $350 - $360 per ton. Parboiled Rice Thailand parboiled rice is quoted at around $405 - $415 per ton. India parboiled rice is quoted at around $380 - $390 per ton, about $45 per ton discount to Pakistan parboiled rice quoted at around $425 - $435 per ton. 100% Broken Rice Thailand broken rice, A1 Super, is quoted around $330 - $340 per ton, about $5 per ton premium on Vietnam 100% broken rice shown at around $325 - $335 per ton. India's 100% broken rice is shown at around $310 - $320 per ton, about $10 per ton discount to Pakistan broken sortexed rice quoted at around $320 - $330 per ton. Tags: Vietnam rice prices, India rice prices, Thailand rice prices, pakistan rice prices
Pakistan Approves $98 Million Subsidy for Small Scale Basmati Rice Farmers Nov 21, 2014
The Economic Coordination Committee (ECC) of Pakistan's Cabinet approved a subsidy package of about Rs.10 billion (around $98.3 million) to small scale rice farmers with around 10 hectares of rice land, according to local sources. The ECC decided that basmati rice farmers will be given a subsidy of around Rs.5,000 per acre (around $123 per hectare).The Riceplus Magazine wwww.ricepluss.com mujahid.riceplus@gmail.com Cell: +92 321 369 2874
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November 24, 2014
DAILY EXCLUSIVE ORYZA E-NEWSLETTER
Committee also approved to extend power subsidy to rice farmers, under which they can avail electricity at a special rate of Rs.10.35 (around $0.1) per unit until June 30, 2015.Early this week, Pakistan Prime Minister had promised to provide subsidies to basmati rice farmers to help them combat the declining global rice export prices. The President of the Union of Small and Medium Enterprises (UNISAME), who appreciated the efforts of the Prime Minister in supporting the basmati rice farmers, said the government should fix support price for basmati and other varieties of rice to support the SME farmers and help them receive fair price for their paddy. He also urged the government to help SMEs receive preshipment and post-shipment finance from commercial banks to carry out export activities. Pakistan is a major exporter of basmati rice after India. Pakistan exported 145,224 tons of basmati rice in the first three months (July - September) of FY 2014-15, marginally up from around 144,666 tons exported during the same period in FY 2013-14. Pakistan exported 622,602 tons of rice in FY 2013-14. Average Pakistan basmati rice export prices declined about 1% to around $1,435 per ton in October 2014 from around $1,450 due to increasing supplies from ongoing harvests and falling export demand. Tags: Pakistan basmati rice farmers, Pakistan basmati rice prices
South Korean Farmers Protest China FTA, Rice Market Opening Nov 21, 2014
The recently concluded Korea-China Free Trade Agreement (FTA) has added to the fears of the South Korean farmers over cheap Chinese goods entering the local market.They are already protesting against the opening of the local rice market to imports from January 1, 2015 as they are afraid that the locally grown rice would become uncompetitive vis-Ă vis the imported rice. The KoreaChina FTA excludes rice as both the Riceplus Magazine wwww.ricepluss.com mujahid.riceplus@gmail.com Cell: +92 321 369 2874
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November 24, 2014
DAILY EXCLUSIVE ORYZA E-NEWSLETTER
countries have recognized it as an important agricultural product, which needs protection. Protesting farmers say the government has taken both the decisions unilaterally without taking agricultural associations into consideration. Both the decisions "would eventually hurt the local agricultural industry," a farmers association was quoted as saying. They demanded that the government suspended the FTA with China as well as streamlined process of local rice and other staples procurement as measures to protect local agriculture sector. They are also protesting against the proposed FTAs with New Zealand and Canada.However, the government says the FTA with China will allow for removal of investment barriers in various economic sectors, including services, finance and communications. It has also defend its move for opening the rice market for imports saying it is important to avoid obligatory rice imports under World Trade Organization (WTO) regulations. It is also important to safeguard the country's rice production in the light of declining consumption, said government sources adding that another waiver at the WTO would also be associated with a host of concessions to other WTO member countries. Tags: South Korea rice opening, Korea-China FTA
Pakistan Rice Exports Increase Sharply in October 2014 Nov 21, 2014
Pakistan exported around 289,884 tons of rice (including basmati and non-basmati) in October 2014, up about 31% from around 221,715 tons exported in September 2014, according to provisional data from the Pakistan Bureau of Statistics (PBS). In terms of value, Pakistan's rice export earnings increased to around $154.7 million in October 2014, up about 16% from around $132.9 million earned in September 2014. Year-on-year, Pakistan’s exports increased about 18% from around 246,524 tons exported in October 2013. In terms of value, they increased about 11% from around $139.63 million in October 2013.Pakistan exported around 47,459 tons of basmati rice in October 2014, down about 13% from around 54,663 tons exported in September 2014 and up about 6% from around 44,687 tons in October 2013. In terms of value, Pakistan's basmati rice exports earned $46.8 million in October 2014, down about 12% from around $52.95 million earned in September 2014, and down about 6% from around $49.94 million earned in October 2013. Pakistan exported around 242,415 tons of non-basmati rice in October 2014, up about 45% from around 167,052 tons exported in September 2014 and up about 20% from around 201,837 tons in Riceplus Magazine wwww.ricepluss.com mujahid.riceplus@gmail.com Cell: +92 321 369 2874
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November 24, 2014
DAILY EXCLUSIVE ORYZA E-NEWSLETTER
October 2013. In terms of value, Pakistan's non-basmati rice exports earned $107.85 million in October 2014, up about 35% from around $79.92 million earned in September 2014, and up about 20% from around $89.69 million earned in October 2013. Pakistan has exported around 892,643 tons of rice, including basmati and non-basmati, in the first four months of FY 2014-15 (July 2014 - June 2015), up about 1% from around 882,161 tons exported during the same period in FY 2013-14. In terms of value, Pakistan's exports earned around $517.46 million in July - October 2014, down about 5% from around $544.27 million earned during the same period in 2013.
Tags: Pakistan rice exports, Pakistan Bureau of Statistics (PBS), basmati rice exports, non-basmati rice exports
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