Pakistan Food Exports Soar 35% While Domestic Prices Skyrocket

Food exports from Pakistan surged 35.38% in February 2024 to $702.46 million compared to February 2023
The growth in food exports has driven high domestic food inflation, currently at 20.2% in February 2024
Exports increased for products like rice, basmati rice, meat, vegetables and fruits
Pakistan imported significantly higher quantities of wheat and sugar in February 2024 compared to February 2023
Continued food export growth and higher imports are causing record high prices in the domestic market for staples like wheat, rice, meat and sugar