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In 2010, Pakistan was exporting rice to 109 countries of the world. [3] In fiscal 2012, rice exports from Pakistan crossed 3.7 million tons, valued at $2.08 billion at an average price of $871 per ton for Basmati rice, and $448 per ton for non-Basmati rice. [4]
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Basmati rice has a typical pandan-like (Pandanus amaryllifolius leaf) flavour caused by the aroma compound 2-acetyl-1-pyrroline. [30] Basmati grains contain about 0.09 ppm of this aromatic chemical compound naturally, a level that is about 12 times as much as non-basmati rice varieties, giving basmati its distinctive fragrance and flavour. [31]
Pakistan is the world's 10th largest producer of rice. Pakistan's exports make up more than 8% of the world's total rice trade. [1] It is an important crop in the agriculture economy of Pakistan. Rice is an important Kharif crop. In 2019, Pakistan produced 7.5 million tonnes of rice and ranked 10th in the largest rice-producing countries.
Pakistan has also cut the use of dangerous pesticides dramatically. [13] Pakistan is a net food exporter, except in occasional years, when its harvest is adversely affected by droughts. Pakistan exports rice, cotton, fish, fruits (especially Oranges and Mangoes), and vegetables and imports vegetable oil, wheat, pulses and consumer foods.
In 1934, the U.S. Bureau of Labor Statistics began the computation of a daily Commodity price index that became available to the public in 1940. By 1952, the Bureau of Labor Statistics issued a Spot Market Price Index that measured the price movements of "22 sensitive basic commodities whose markets are presumed to be among the first to be influenced by changes in economic conditions.
Following the international credit crisis and spikes in crude oil prices, Pakistan's economy could not withstand the pressure, and on 11 October 2008, the State Bank of Pakistan reported that the country's foreign exchange reserves had gone down by $571.9 million to $7,749.7 million. [64]
Kamoke (Urdu: کامونکی) is a city in the Gujranwala, Punjab, Pakistan. It ranks as the 30th largest city in Pakistan according to the 2023 census with a population of 292,023. Kamoke is known for its prominent rice market, being one of the largest in the sub-continent, and for its numerous mosques.