India Queen Basmati Rice

The chairman of the Rice Exporter Association of Pakistan (REAP) observed that exporters have been facing numerous problem in fixing prices for different qualities of rice as rice growers usually do not disclose their cost of production and stocks. Due to this, exporters cannot come to a conclusion over prices and growers complain of low prices and high cost for whatever prices offered by exporters.

Thus, it was stressed for setting up a ‘Rice Board’ which is necessary to bring growers and exporters together and to fix prices and also to settle other related issues. Further, it was also added that most of the decisions taken by the government are difficult to implement because of lack of coordination amongst stakeholders.

Further, the Pakistan Chambers of Commerce and Industry (FPCCI) emphasized a need to set up a Rice Development Board by the Government to promote different rice varieties and to focus on increasing rice exports.

The government is also planning to fix an export target of $40 billion worth of products including rice, engineering products, leather and surgical instruments. The government will reportedly to fix a target of $30 billion exports in FY 2015-16(July- June), a target of $35 billion exports in FY 2016-17 and a target of $40 billion exporters in FY 2017-18.