The rice sector aims to boost exports to $10 billion in the next five years, driven by a consistent rise in exportable surplus and increased per-acre paddy yield. Data suggests that 2023's rice exports could reach 4.5 million tonnes, generating $2.5 billion.
A record production of 9 million tonnes, facilitated by favorable weather, grower resilience, water, fertilizer availability, and new markets, contributes to this export surge.
Notably, higher Basmati production in Pakistan, particularly the premium C1121 variety, presents a unique opportunity to ship superior quality at a more competitive price than India. The rice export roadmap envisions reaching $5 billion by 2025 and $10 billion by 2028.
A record production of 9 million tonnes, facilitated by favorable weather, grower resilience, water, fertilizer availability, and new markets, contributes to this export surge.
Notably, higher Basmati production in Pakistan, particularly the premium C1121 variety, presents a unique opportunity to ship superior quality at a more competitive price than India. The rice export roadmap envisions reaching $5 billion by 2025 and $10 billion by 2028.