AVN 65.31 Decreased By ▼ -0.86 (-1.3%)
BAFL 30.25 No Change ▼ 0.00 (0%)
BOP 4.63 Decreased By ▼ -0.10 (-2.11%)
CNERGY 3.89 Decreased By ▼ -0.12 (-2.99%)
DFML 13.50 Decreased By ▼ -0.60 (-4.26%)
DGKC 42.15 Decreased By ▼ -1.54 (-3.52%)
EPCL 46.13 Increased By ▲ 1.48 (3.31%)
FCCL 11.45 Decreased By ▼ -0.38 (-3.21%)
FFL 5.19 Increased By ▲ 0.22 (4.43%)
FLYNG 5.82 Decreased By ▼ -0.28 (-4.59%)
GGL 10.04 Decreased By ▼ -0.34 (-3.28%)
HUBC 63.21 Increased By ▲ 0.91 (1.46%)
HUMNL 5.73 Decreased By ▼ -0.12 (-2.05%)
KAPCO 27.81 Increased By ▲ 0.26 (0.94%)
KEL 2.15 Decreased By ▼ -0.06 (-2.71%)
LOTCHEM 25.37 Decreased By ▼ -1.23 (-4.62%)
MLCF 21.65 Decreased By ▼ -0.87 (-3.86%)
NETSOL 84.95 Decreased By ▼ -1.25 (-1.45%)
OGDC 86.64 Increased By ▲ 0.37 (0.43%)
PAEL 10.96 Decreased By ▼ -0.31 (-2.75%)
PIBTL 4.21 Decreased By ▼ -0.07 (-1.64%)
PPL 78.65 Decreased By ▼ -1.43 (-1.79%)
PRL 13.61 Decreased By ▼ -0.05 (-0.37%)
SILK 0.88 Decreased By ▼ -0.02 (-2.22%)
SNGP 41.00 Decreased By ▼ -0.75 (-1.8%)
TELE 6.01 Decreased By ▼ -0.20 (-3.22%)
TPLP 16.02 Decreased By ▼ -0.25 (-1.54%)
TRG 111.89 Decreased By ▼ -0.66 (-0.59%)
UNITY 14.01 Decreased By ▼ -0.34 (-2.37%)
WTL 1.14 Decreased By ▼ -0.06 (-5%)
BR100 4,026 Decreased By -48.6 (-1.19%)
BR30 14,402 Decreased By -123 (-0.85%)
KSE100 40,451 Decreased By -396 (-0.97%)
KSE30 15,110 Decreased By -101.7 (-0.67%)
Follow us

LAHORE: Stakeholders have expressed the fear that losses incurred by the rice crop 2022 in Sindh and Southern Punjab will not only hit the production target but may also make it hard to meet the export targets.

Pakistan Hi-Tech Hybrid Seed Association (PHHSA) Chairman and Rice Exporters Association of Pakistan (REAP) founder Shahzad Ali Malik claimed that 35 percent of the total rice crop sown in Sindh and 29 percent of the total rice crop sown in South Punjab has been damaged due to the floods and rains.

Presiding over a meeting on Thursday, PHHSA Chairman Shahzad Ali Malik said that farmers’ associations put the losses at about 200,000 tonnes of rice, an estimate also supported by a Singapore-based trading company, he said while quoting the United Nation World Food Organization

“We are estimating around 200,000 to 300,000 tonnes of rice loss in these floods which will be reflected in Pakistan’s exports.”

He said Pakistan is slogging through one of the most devastating disaster in the country’s history on account of floods. Besides Sindh and South Punjab, other rice growing areas were also partially hit by excessive heat waves. He said deadly flood destroyed vast hectares of cotton and rice crops, a key source of employment and foreign exchange for the nation.

Shahzad Ali Malik said: “Pakistan is forecasted to have lost 10% of its 2022 estimated rice production of around 8.7 million tonnes”.

It will be difficult to meet rice exports target, he added.

He demanded the government to provide interest free loans to all flood hit farmers across the country on top priority besides provision of all agricultural inputs on highly subsidised rate.

He said PHHSA soon dispatching relief goods consignment in Sindh and South Punjab. He said PHHSA is taking stock of the situation and will take up matter with government after receiving final reports of losses.

Hamid Malik, a rice trade analyst while talking to Business Recorder said Pakistan last year’s rice production was 8.9 million tonnes. We had a surplus of 1.598 million tonnes fm FY20-21 crop which made total supplies of FY21-22 at 10.58 million tonnes. Domestic consumption for human and animal needs was 4.0 million tonnes last year which left an exportable surplus of 6.5 million tonnes out of which Pakistan exported record 4.81 million tonnes during the financial year 2021-22. However, he added this year we fear a loss of 500,000 tonnes in rice export due to less exportable rice. This year expected production is 8.1 million tonnes. Pakistan had a carryover of 1.098 million tonnes from the year 2021-22 crop which will make total supplies 9.2 million tonnes, 1.38 million tonnes less than last year. Domestic consumption for food & feed this year is expected to be 4.2 million tonnes thus export surplus will be about 5.2 metric tonnes.

“It means this year export can be less at 4.3 million tonnes as compared to 4.8 million tonnes in FY21-22,” he concluded.

Copyright Business Recorder, 2022


Comments are closed.

Rice crop losses: production, export targets likely to be missed

Even an hour's delay in election is punishable under Article 6 of constitution: Qureshi

Ishaq Dar announces 35-rupee hike in prices of petrol and diesel

Gulf stocks rise on hope of slower Fed rate hikes

At least 41 killed as passenger coach falls into ravine in Lasbela

6.3 magnitude earthquake jolts Islamabad, surrounding areas

Ten children killed in northwest Pakistan boat capsize

Blinken arrives in Egypt as Middle East violence erupts

Former UN chief calls for climate action over ‘visions’ at COP28

Djokovic wins Australian Open to equal Nadal’s 22 Slam titles

China’s 2022 smartphone shipments the lowest in 10 years