India s basmati rice exports are expected to decrease in 2024 due to increased competition from Pakistan, which is offering the grain at more competitive prices. In 2023, India s basmati rice exports reached 4.9 million metric tons, just shy of the record high in 2020, leading to record revenue of $5.4 billion. However, Pakistan s increased production and lower prices are impacting India s export prospects
India and Pakistan are the leading exporters of the premium long-grain variety of rice, famous for its aroma, to countries such as Iran, Iraq, Yemen, Saudi Arabia, the United Arab Emirates, and the United States.
Pakistan s basmati rice exports surge as India s to fall tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.
MUMBAI: India s basmati rice exports are likely to fall in 2024 after nearing a record high last year, as rival Pakistan is offering the grain at competitive prices amid a rebound in production,.