ISLAMABAD: Rice exports by Pakistan this year are poised to exceed the 2015 level by 7 per cent to reach 4.4 million tonnes, according to the Food and Agriculture Organisation (FAO) of the United Nations.

In a report on Pakistan, the FAO said cumulative rice deliveries in the first seven months of 2016 are officially put at 2.5m tonnes, up 13pc from the same period in 2015.

Harvesting of the 2016 monsoon season crops, including rice and maize, is currently under way and will continue until early December. The FAO forecasts the 2016 paddy and maize outputs will remain close to their 2015 levels -- 10.3m tonnes and 4.9m tonnes, respectively.

These output levels are the result of generally favourable weather conditions during the cropping season coupled with adequate water supply for irrigation and availability of fertilisers, the report said. Wheat exports for the 2016-17 marketing year are forecast to increase from last year’s low level to 850,000 tonnes.

Published in Dawn, October 9th, 2016

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

IMF’s projections
Updated 18 Apr, 2024

IMF’s projections

The problems are well-known and the country is aware of what is needed to stabilise the economy; the challenge is follow-through and implementation.
Hepatitis crisis
18 Apr, 2024

Hepatitis crisis

THE sheer scale of the crisis is staggering. A new WHO report flags Pakistan as the country with the highest number...
Never-ending suffering
18 Apr, 2024

Never-ending suffering

OVER the weekend, the world witnessed an intense spectacle when Iran launched its drone-and-missile barrage against...
Saudi FM’s visit
Updated 17 Apr, 2024

Saudi FM’s visit

The government of Shehbaz Sharif will have to manage a delicate balancing act with Pakistan’s traditional Saudi allies and its Iranian neighbours.
Dharna inquiry
17 Apr, 2024

Dharna inquiry

THE Supreme Court-sanctioned inquiry into the infamous Faizabad dharna of 2017 has turned out to be a damp squib. A...
Future energy
17 Apr, 2024

Future energy

PRIME MINISTER Shehbaz Sharif’s recent directive to the energy sector to curtail Pakistan’s staggering $27bn oil...