Pakistan can capture India’s $ 260 mln rice share in EU.

Pakistan can capture India’s $260 million rice business with the European Union following the EU’s zero tolerance on Tricyclazole chemical found in Indian grains. Rice Exporters Association of Pakistan said that Pakistan can target India basmati rice share in the EU market, following the stringent policies placed by the European Union on the presence of hazardous pesticides in the commodity. Pakistan can enhance its rice export to EU from 150,000 ton to 350,000 ton, grabbing the share of 200,000 tons of Indian rice export to EU which may be stopped due to strict regulations. Tricyclazole is a fungicide used by Indian farmers in more than 70 percent of basmati crops. Farmers do not use such chemicals to protect their crops. Basmati varieties grown in Pakistan do not require use of the fungicide and stand to gain from the de-facto ban on Indian exports. India had exported rice of around 350,000 tons worth $260 million to the European Union countries in last fiscal year, 70 percent of which has tricyclazole limit of 1mg/1kg. Pakistan’s brand can get space by replacing Indian basmati rice in European countries renowned mega stores with the financial support of the government.