US tariff on Indian rice opens market for Pakistan
WASHINGTON: The 50 per cent tariff imposed by the Trump administration on Indian goods, including basmati rice, has reshaped trade flows in the United States, providing Pakistan an opportunity to expand its share in the American aromatic rice market.
Pakistan’s basmati rice exports have witnessed steady growth in recent years. According to the Rice Exporters Association of Pakistan (REAP), the country exported approximately 772,725 tonnes of basmati rice in FY24, generating $876.9m — up from 595,120 tonnes worth $650.4m in the previous fiscal year. The average export price per tonne also increased from $1,092.93 to $1,134.86.
Data from Volza’s Global Trade platform shows that........
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