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Rice Exporters in Pakistan
akistan is the world’s 10th largest producer of rice, as in the year of 2019, Pakistan produced about a 7.5 million ton of rice. Rice is an important Kharif crop and amongst the staple food of many Pakistani folks. Rice is grown in fertile lands of Punjab, followed by Sindh and remaining areas. It is the dominant cash crop of Pakistan and a major source of foreign exchange earnings. Dubai, Saudi Arabia, Kuwait, Turkey, Sri Lanka and Iran are the main importers of rice.
According to an estimate, the rice exporters in Pakistan produce 6 million tones rice annually and the 4 million rice is exported after fulfilling the national demand of 2 million tones rice. The pricing of rice should be kept under check by governmental institutions. Keeping the pricing close to the regional rivals is necessary so, the exporters must have their equal share in the world market.
While Pakistan stands at a number five in rice exporting countries and is recognizable for its production and export of high quality and aromatic Basmati rice around the globe. Rice exporters in Pakistan constitute about 8% of total world rice trade. The future of a prosperous economy lies in the efforts of rice exporters to generate as much foreign exchange from their produce.
There is a diverse variety of rice grown in Pakistan but the leading three types of rice, used for the native utilization and export to other countries are:
|IRRI VARIETY (MEDIUM LONG GRAIN)||1121 STEAM BASMATI RICE||1121 SELLA BASMATI RICE|
|PK-386 LONG GRAIN RICE||IRRI-6 RICE||Super Basmati Rice|
|IRRI-9||Broken White RICE||1509 Basmati RICE|
Super Basmati Rice is amongst the most popular variety in Pakistan for its aroma, essence, and finest cooking quality. Yet Super Basmati Rice of Pakistan is sold relatively at a lower price as against the Indian Basmati.
1121 Basmati rice
has long grained and a seamless quality with cost-effective price. The Parboiled Sella Rice also known as Basmati Rice White Sella, is one of the most in-demand varieties of the world. IRRI 6 variety is long-grain Non- Basmati rice, popular in Eastern Europe and Gulf markets. PK-386 Long-grain rice is non-basmati rice known for its Basmati like cooking and fragrance mostly exported to the Middle East and African countries as they are much cheaper than usual Basmati.
MATCO Foods Limited is the leading Basmati exporter in Pakistan running five processing plants. Over 60 countries receive their products worldwide. Another leading rice exporter in Pakistan is TAJ Foods claiming to be the ultimate option for the finest grains of rice.
REAP (Rice Exporters Association of Pakistan) played a major role in setting rice standards in Pakistan with 1900 members in the region. In the year of 1988-1999 REAP members enjoyed an export of 2 million tons of rice. Furthermore, in 1992, countries from Persian Gulf Region i.e. Kuwait, Oman, Qatar, UAE, Saudi Arabia and Bahrain were invited by REAP to collect Government Buyers of rice from these regions. As a result, 36,000 tons of rice was exported from the private sector.
Talking of the growth of rice exports, the Pakistan’s rice exports soared to 57% during 2009-2010. The average price rate of Basmati rice per ton was $825 in 2009. A drop of 33% was seen in price rates as compared with the $1,012 per ton in the previous year. While in 2010, 109 countries of the world were importing rice from Pakistan. Lastly, during the economic year of 2012, rice exports raised to 3.7 million tons, with an average price rate of $871 for Basmati rice and $448 for Non-Basmati rice.