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Pakistan Trains Sight on Russia to Boost Rice Exports to Record

  • Shipments seen surging as much as 15% to over 6 million tons
  • Pakistan estimated to harvest record crop of 8.4 million tons
PAKISTAN-INDIA-EU-ECONOMY-RICE

Photographer: Arif Ali/AFP/Getty Images

Rice shipments from Pakistan are expected to surge to a record this year on bumper production in the world’s No. 4 exporter, a weaker local currency and Russia’s move to resume purchases.

A jump in exports, which are likely to climb as much as 15% from a year earlier to more than 6 million tons in 2021, will be good for Pakistan as Prime Minister Imran Khan’s government is trying to revive the fragile economy with the help of the International Monetary Fund, and aims to cut imports and boost overseas sales.