Rice scarcity looming

Published
0

ISLAMABAD, Jan 11: With the flour crisis deteriorating by the day, officials and analysts are raising the spectre of a looming shortage of rice.

Analysts say that unchecked exports of rice are threatening to create a serious shortage. In November 2007 alone, the export of rice witnessed a growth of over 19 per cent. Figures for Dec 2007 are not available as yet.

The rice shortage is being experienced all over south and east Asia.

A source in the finance ministry said that former prime minister Shaukat Aziz had allowed export of 0.5 million tons of wheat at $200 a ton on a projection of a 0.8 million surplus stocks in May but the agreement was now importing at more than $500 a ton to meet the rising local demand.

Other rice-producing countries in the region, such as India and Vietnam, have taken measures to discourage export. However, Islamabad has not taken any action so far.

If increase in the export of rice was not checked, sound an expert, shortage of another food grain would be impossible to avert.

A senior official in the Ministry of Food, Agriculture and Livestock (Minfal) told Dawn that the stock of rice in the country was almost nil at the beginning of the current season because exports over the past two years.

This year the total rice production stood at 5.5 million tons as against 5.4 million tons last year. The local consumption of all types of rice is around 2.3 million tons and the rest is available for export.

The official said that due to shortage of crop in south and east Asia, there was substantial demand of rice and the price had gone up in international market. There is a possibility of a marked increase in exports in the months ahead, he added.

According to official figures, rice export stood at 3.2 million tons in the last season as against 3.6 million tons in the previous seasons of the year 2006.

Opinion

Editorial

Taliban support
Updated 14 Aug, 2026

Taliban support

THE latest UN monitoring report analysing the activities of several transnational terrorist groups is unequivocal in...
Job policy for youth
14 Aug, 2026

Job policy for youth

STRIPPED of its rhetoric, the prime minister’s announcement of Pakistan’s first National Youth Employment Policy...
Jail improvements
14 Aug, 2026

Jail improvements

THE Punjab government is spending Rs5bn on modernising jail facilities in the province, but to what end? The...
AJK outlook
Updated 13 Aug, 2026

AJK outlook

AS the staggered polls for the AJK Legislative Assembly enter their final stretch, it appears that the PML-N is in a...
Food costs
13 Aug, 2026

Food costs

THE State Bank’s warning that domestic food prices could rise more than expected in the near term deserves urgent...
Denied a future
13 Aug, 2026

Denied a future

FIVE years after the Taliban returned to Kabul, the world is still issuing statements while a generation of Afghan...