Rice Industry Overview and Outlook
RICE | LOCAL INDUSTRY
FIVE YEARS AT A GLANCE
Despite the outbreak of Covid-19, rice production
registered an increase of ~3% in FY20, mainly due
an increase in area under crop, owing to higher
domestic prices and availability of inputs on
subsidized rates.
Although the last quarter of FY20 remained a bit
sluggish for the exporters due to slowdown in
movement and international trade, the overall year
exports closed at surpassing the target of USD2bln.
This is majorly attributed to an increase in Basmati
rice exports during the year, particularly to Iran,
where sanctions restricted buying of Indian
Basmati rice creating opportunity for Pakistan rice.
5.0
3.0
2.0
1.0
PACRA
Rice Five Years in a Glance
8.0
3.1
3.1
7.0
3.0
6.0
3.0
2.9
2.9
4.0
2.8
2.8
2.7
2.7
2.6
2.6
FY17
FY18
FY19
FY20
Pakistan's rice consumption increased to 3mln MTs
in FY20, meanwhile, area under cultivation
increased to 3mln hectares - 8% increase YoY basis.
FY16
Production mln MTs
Exports (mln MTs)
I Local Consumption (mln MTs)
Area Under Cultivation (mln Hectares)
Source: PES
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