Despite setbacks from floods and high export refinance rates, Pakistan has become a leading exporter of coarse rice, with exports increasing by 80% in value and quantity in the first 10 months of the current fiscal year compared to the previous year. However, despite higher export prices, domestic rice prices have fallen due to reduced hoarding and smuggling, while competition from India in traditional Basmati markets is increasing. Pakistani Basmati growers are transitioning to high-yield coarse varieties due to lower yields and profitability issues, exacerbated by illegal seed sales. Efforts are underway to address smuggling and boost Basmati production, including through investments and regulatory measures, amidst concerns of eroding Pakistan's Basmati heritage and economic interests.
Please find original version of article below:
https://tribune.com.pk/story/2468443/rice-export-hurdles-opportunities
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