Rice Industry Overview and Outlook
RICE | LOCAL INDUSTRY
Pakistan Exports | The Long Hauling Challenges
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Although rice is the second largest exportable crop of
the country after cotton, the country has historically
underutilized its potential to earn foreign exchange
reserves from its exports.
Pakistan's Basmati Rice is considered a high grade
premium quality rice in the International Market,
particularly in the EU and Middle East. The price of
Basmati rice is almost double the price of non-basmati
rice. Still, non basmati rice forms a major portion of
total export quantum. Pakistan has not been successful
in increasing its share of Basmati rice exports over the
years. The major reasons attributing to this issue are:
No policy framework in place to develop agricultural
sector and boost the yield and increase arable land of
the country.
Basmati Rice is majorly consumed locally.
Pakistan competes with India in the International Market
which has strategically branded itself well in the
International community.
3.5
3.0
2.5
2.0
1.5
1.0
0.5
Basmati & Non Basmati Exports | MIn MTs
4.0
5.0
4.5
4.0
3.5
3.0
2.5
2.0
1.5
1.0
0.5
FY16
FY17
FY18
Basmati
Non-Basmati
FY19
FY20
-Total Exports (RHS)
Source: PACRA Database, REAP
16
PACRAView entire presentation