Pakistan Food Exports Soar Over 100% but Drive Up Domestic Prices

Food exports from Pakistan surged 105% in January 2023 compared to January 2022, reaching $787 million
The export growth has driven up domestic food prices, with food inflation hitting 27% in January
Rice exports increased 95% in the July 2022 - January 2023 period, while meat exports rose 27%
Higher export demand and rupee devaluation have increased prices for staples like rice, meat, and vegetables
Despite claiming bumper crops, Pakistan imported over 600,000 tonnes of wheat in January 2023