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basmati rice: India's basmati rice exports to fall as Pakistan's surge

Indias 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, Indias 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, Pakistans increased production and lower prices are impacting Indias export prospects
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