Pakistan poised to exceed India in basmati rice exports bolnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bolnews.com Daily Mail and Mail on Sunday newspapers.
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, industry.
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.