Pakistan rice exports grow, but basmati lacks lustre.

Rice exports seem to be on course to hit the four-million-tonne annual target during this fiscal year, fetching $2 billion in foreign exchange. The fact that the commodity’s exports have rebounded despite a slower pace of shipments to China shows that exporters know what to do when orders don’t come in from the big buyer. Nevertheless, the slowdown has prompted our policymakers to seek tariff concessions from China to help exporters sell more to that country. During this fiscal year, Pakistan has managed to export more rice to traditional markets like Afghanistan, Kenya, Oman, Qatar, Saudi Arabia, Spain, Tanzania, Britain and the United States.