Pakistan aims to achieve $10 billion in rice exports by 2028

The rice industry has set an ambitious target to boost its exports to $10 billion within the next five years. This objective is underpinned by a consistent upward trajectory in both the volume of rice earmarked for export and the yield per acre. Based on current projections, it is anticipated that rice exports for the year 2023 could reach approximately 4.5 million tonnes, resulting in a revenue of $2.5 billion.

The remarkable production milestone of 9 million tonnes is attributed to favorable weather conditions, the resilience demonstrated by farmers, the ready availability of water and fertilizer, and the exploration of new markets. Notably, Pakistan’s increased Basmati rice production, particularly the sought-after C1121 variety, presents a distinctive opportunity to offer high-quality rice at a more competitive price when compared to India. The strategic roadmap for rice exports outlines an intermediate target of $5 billion by 2025, with a subsequent aim to escalate this figure to $10 billion by the year 2028.

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