ISLAMABAD         –         Rice exports from the nation throughout first eight months of present monetary yr elevated by 11.09% as in contrast the exports of the corresponding interval of final yr.

Throughout the interval from July-February, 2019-20, about 2,763,171 metric tons of rice price $1.397 billion was exported as towards the exports of two,497,536 metric tons valuing $1.257 billion of similar interval final yr.

In accordance the info launched by Pakistan Bureau of Statistics, exports of basmati rice grew by 36,56% as above talked about commodity price $501.179 million was additionally exported as in comparison with exports of $366.765 million of similar interval of final yr.

In final Eight months, nation exported about 566,711 metric tons of basmati rice as in comparison with exports of 370,248 metric tons of similar interval final yr, the info revealed.

In the meantime, nation managed to export about 2,196,460 metric tons of rice different then basmati price of $896.312 million as towards the exports of two,127,288 metric tons valuing $891.230 million of similar interval final yr, it added.

The exports of rice different then basmati in final Eight months of present monetary yr grew by 0.57% as in comparison with exports of the corresponding interval of final yr, it added.

It might be recalled right here that total meals group exports from the nation throughout final Eight months grew by 5.48% as meals commodities price $3.033 billion have been exported as towards $2.875 billion of similar interval final yr.

On month on month foundation, the meals group exports additionally witnessed 4.09% development in month of February, 2020 as nation fetched $424.748 million by exporting the meals commodities, which was recorded at $408.072 million of similar month of final yr.

However, meals group imports into the nation additionally decreased by 8.07% because it got here down from $3.868 billion of first Eight months of final monetary yr to $3.556 billion in Eight months of present monetary yr.

In the meantime, the tea imports into the nation decreased by 17.59 % throughout the first eight months of the present fiscal yr towards the imports of the corresponding interval of final yr, Pakistan Bureau of Statistics (PBS) reported.

The tea imports into the nation have been recorded at $324,372 million throughout July-February (2019-20) towards the imports of $ 393,585 million throughout July-February (208-19), exhibiting lower of 17.59 %, the PBS knowledge revealed.

By way of amount, the tea imports into the nation decreased by 9.80 % by falling from imports f 149,510 metric tons to 134,853 metric tons.

In the meantime, on year-on-year foundation, the tea imports throughout February 2020 elevated by 6.28 % as in comparison with the imports of February 2019. The tea imports throughout February 2020 have been recorded at $ 49,234 million towards the imports of $46,281 million in February 2019.

On month-on-month foundation, the tea imports into the nation elevated by 6.55 % throughout February 2020 when in comparison with the imports of $46,206 million in January 2019.

It’s pertinent to say right here that the commerce deficit throughout the first eight month of the present fiscal yr diminished by 26.06 % as in comparison with the corresponding interval of final yr.

The commerce deficit throughout July-February (2019-20) was recorded at $15.872 billion towards the deficit of $21.467 billion throughout July-February (2018-19), the PBS knowledge reveaald.

The exports from the nation throughout the interval elevated by 3.62 % by going up from $15.097 billon final yr to $15.643 billion throughout the present yr whereas the imports into the nation declined by 13.81 %, from $36.563 billion to $31.515 billion.395