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Pakistani Exports are Being Harmed by India’s “Rice Flood”

According to a representative of local rice dealers, the government of Pakistan should submit a protest with the World Trade Organization (WTO) against New Delhi for “endangering international food security in breach of its norms.”

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From July 2020 to May 2021 (11MFY21), Basmati and coarse rice shipments from Pakistan are 14% lower than the previous year. In 11MFY21, Pakistan has exported 3,3 million tonnes of rice, down from 3,87 million tonnes in the same period of the previous fiscal year.

According to Mr. Paracha, other factors affecting Pakistan’s rice exports include high freight costs and huge stocks accessible in destination nations, which were acquired during panic buying in reaction to waves of coronavirus pandemics.

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He requested that the government immediately submit the issue of India flooding foreign markets with subsidised exports, which threatens international food security, to the WTO.

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