Archive · Business Recorder
Rice exports: insure the trade, not the freight
Pakistan exported 4.29 million metric tons of rice worth USD2.29 billion in FY2026. Applying last financial year’s destination mix to the export base suggests that around 36.5 percent, or USD836 million, remains exposed to the ongoing disruption in the Strait of Hormuz, the Gulf of Aden or the longer route around the Cape of Good Hope. Roughly USD390 million of this trade involves destinations directly dependent on Hormuz or Bab el-Mandeb, while another USD356 million is linked to the UK and continental Europe. Oman accounts for approximately USD92 million and offers an alternative route, alth...
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