sabah padi board revival drives food production growth, says hajiji
Published on: April 24, 2024.
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Pakistan rice exports have been on the rise in recent years, with the country becoming one of the leading rice exporters in the world. According to the Rice Exporters Association of Pakistan (REAP), the country exported 4.5 million metric tons of rice in the fiscal year 2020-21, earning over $2.2 billion in revenue.
One of the main reasons for the increase in rice exports from Pakistan is the high quality of the rice produced in the country. Pakistani rice is known for its superior taste, aroma, and texture, making it highly sought after in international markets. Additionally, Pakistan offers a wide variety of rice, including Basmati rice, which is a favorite among consumers due to its long grains and unique flavor.
The main markets for Pakistani rice exports include the Middle East, Europe, and Africa. Saudi Arabia is the largest importer of Pakistani rice, followed by UAE, Iran, and Afghanistan. These countries have a high demand for rice and rely on imports to meet their domestic consumption needs.
In addition to the traditional markets, Pakistan has also been exploring new markets for its rice exports. The government has been actively promoting Pakistani rice in countries like China, USA, and Canada, with the aim of diversifying its export destinations.
To facilitate rice exports, Pakistan has a well-developed infrastructure including rice mills and processing plants. The country also has a large number of rice suppliers and exporters who play a crucial role in meeting the global demand for Pakistani rice.
The price of rice in Pakistan is competitive compared to other rice exporting countries, making it an attractive option for buyers. The government has also taken steps to streamline the export process and provide support to rice exporters.
Despite the success in rice exports, there are still challenges that the industry faces. One of the main challenges is competition from other rice exporting countries such as India, Thailand, and Vietnam. These countries have a large share in the global rice market and offer competitive prices.
In conclusion, Pakistan has emerged as a major player in the global rice export market. With its high-quality rice, competitive prices, and efforts to explore new markets, the country is well-positioned to further increase its rice exports in the coming years.
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