Pakistan Rice exports fall on competition from India

26.10.2016

Pakistan’s Basmati and Non Basmati Rice exports is continuing it's fall due to tight competition from India. The low imports of non-Basmati Rice mainly by China due to higher domestic prices is also weighing on the exports from the country, said Rice Exports Association of Pakistan (REAP) chairman. Due to high input cost, overvalued currency and excessive taxes Pakistan Rice is much costly compared to Rice from other major producing countries.

High input costs have rendered Basmati Rice totally un-competitive against Indian variety and Pakistan lost important and lucrative Basmati market of Iran as banks are not willing to accept documents for shipment to Iran, he added.

Rice exports of Pakistan including Basmati and Non-Basmati Rice fell sharply by 29 percent during September 2016, according to Rice Exports Association of Pakistan (REAP). During the month the country exported 181,350 tons of Rice against 254,458 tons in September 2015, marking a decline of 72,108 tons.

Non-basmati exports during the period is at 152,735 tons, which is down 25 percent in September 2016 compared to September 2015. The Rice export of Pakistan is showing as declining trend in the past few years which is due to lack of research and non-availability of new seeds, as per REAP chairman.


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