Rice export to China rises by 3.9% in Jan/Feb

0
101

According to the General Administration of Customs of China, Pakistan’s rice exports increased by 3.9 percent to $132.59 million in the first two months of this year (GACC).

Bilateral trade expanded dramatically in the first two months of 2022, with China importing more than 347,434 tonnes of various types of rice, up 18 percent in volume and up to $132.5 million in value, compared to 294,240 tonnes worth $127.61 million in the same period last year.

“I think Pakistan will accomplish the aim of one million tonnes of rice export to China this year,” Badaruz Zaman, Commercial Counsellor of the Pakistan Embassy in Beijing, said. “Within a few years, Pakistan would be the top rice exporter in the Chinese market.”

“I believe Chinese seed and technology, particularly colour sorter machines, contributed to a rise in Pakistani rice exports to China.”

According to him, China imported 973,000 tonnes of rice from Pakistan worth $437 million last year.

According to Zaman, Pakistan is now the third-largest rice supplier to China, and they are leveraging traditional and, in particular, social media platforms to raise awareness of Pakistani rice in this market.

Shamsul Islam Khan, former vice president of the Karachi Chamber of Commerce and Industry and CEO of Integra Trade and Marketing, explained that the “reason for the increase in rice export to China is that there is no quota system applied to broken rice and the duty is 10%, while Chinese hybrid seed increased the production and cultivation here.”

“I suggested that China add more Pakistani enterprises to the clearance list, which now stands at 53, and abolish any tariffs that would aid Pakistan’s rice exports to China,” Khan added.

Leave a reply

Please enter your comment!
Please enter your name here