As Pakistan's rice exports fell in the first half of the current fiscal year, officials and exporters are concerned about the recent developments in the global grain trade. The decline is a result of a number of factors, including shifting global supply dynamics, increased competition from India, and declining international rice prices.
The National Assembly Standing Committee on Commerce was briefed by officials about the roughly 50% decline in international rice prices, which has a substantial impact on export earnings and lowers Pakistani rice's competitiveness in foreign markets. Pakistan's export performance is under more strain as a result of the global rice trade being altered by India's return to full-scale exports following the easing of previous limitations.
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