Rice Industry Overview and Outlook

RICE | LOCAL INDUSTRY RICE OVERVIEW Input - Seed Collection, Supply, Fertilizer Supply - Production Cultivation, Harvest, Drying, Threshing Collection Processing - Paddy Collection, Selling, Rice Trading - Milling, Husking, Polishing Wholesale & Retail Consumption - . Consumers Rice is a "Kharif" (Summer) crop, whose sowing season starts from April to June and is harvested from October to December. - Rice a cash crop, is the second main staple food crop for Pakistan after wheat. It is also the second major exportable commodity after cotton. Rice contributes 0.6% to the country's GDP and 3.1% to the agricultural sector. - Around 7.4 mln MTs of rice were produced in FY20 (7.2 mln MTs in FY19 – up by 2.9% owing to an increase of ~8% in cropped area for rice in comparison to the previous year. ☐ Rice supply market is highly fragmented with more than 500 rice millers. ☐ Almost a half of the country produce is used for local consumption, while the balance is exported (FY 20 Rice exports: mln MT). ☐ Pakistan's exports make up more than 8 percent of world's total rice trade and is ranked the 10th in largest rice producing country. Source: PES 13 PACRA

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