Rice exports to South Africa decline by 85pc
Tuesday, May 28, 2013
KARACHI: The Rice exports from Pakistan to South Africa plunged by 85 percent to 4,500 tons in the first eleven months of the ongoing fiscal year as compared to 29,577 tons exported in the same period of last fiscal year, Rice Exporters Association of Pakistan (Reap) reported on Monday.
To cope up with the situation mentioned above, a 14-member delegation of Reap has left for South Africa, said a statement.
Jawed Ali Ghori, chairman of Reap, who was leading the delegation, said that the visit might help Pakistan revive its rice exports to South Africa. “Currently, South Africa is importing rice from India, Vietnam, and Thailand.”
The annual demand of rice in South Africa stands at approximately 600,000 tons, he said.
He said that the main reason of freefall of rice exports to South Africa was significant increase in the cost of production due to which Pakistan remained no more competitive in the international markets.
The delegation will visit Johannesburg and Durban during the week and will meet with the officials of local chambers of commerce as well as the leading rice importers based in both the cities, according to the statement. The News