26th november,2014 daily exclusive oryza e newsletter by riceplus magazine

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Daily November 26, 2014

Exclusive ORYZA E-Newsletter

DAILYCompiled EXCLUSIVE ORYZA E-NEWSLETTER & Edited by Riceplus Magazine November 26, 2014

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November 26, 2014

DAILY EXCLUSIVE ORYZA E-NEWSLETTER News Headlines…      

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FAO Forecasts Brazil 2014 Paddy Rice Production at 12.16 Million Tons, Up 3% from Last Year Global Rice Quotes FAO Forecasts Japan MY 2014-15 Rice Imports to Increase Slightly to 700,000 Tons India Exports 3.16 Million Tons of Rice in First Four Months of FY 2014-15, Down 10% from Last Year Oryza U.S. Rough Rice Recap – Prices Dip Slightly as Holiday Mode Sets In Oryza Overnight Recap - Chicago Rough Rice Futures Remain under Pressure on Light Trade Volume Likely Due to Shortened Holiday Week Oryza Afternoon Recap – Chicago Rough Rice Futures Continue to Drift Lower on Reduced Trade Volume and Silent Cash Market Vietnam, Pakistan Rice Quotes Lower Today; Other Asia Rice Quotes Unchanged Three Resistant Genes, One Recipient Rice Variety and Hundreds of Happy Farmers Thailand Intensifies Measures to Support Rice Prices; Doubles Lending Budget of BAAC Pakistan Exports 295,252 Tons of Rice in First Two Months of FY 2014-15

News Detail…

FAO Forecasts Brazil 2014 Paddy Rice Production at 12.16 Million Tons, Up 3% from Last Year Nov 25, 2014

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November 26, 2014

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

The UN's Food and Agriculture Organization (FAO) has estimated Brazil's 2014 paddy rice production at around 12.16 million tons (around 8.3 million tons, basis milled), up about 3% from around 11.82 million tons (around 8 million tons, basis milled) produced in 2013 despite unfavorable weather conditions (during cropping season) negatively impacting yields in some rice-growing parts of the country.

Planting for 2014-15 main cropping season (October - May) has begun in the Centre-South region and is underway. Planting in North/North-East regions will commence in January when seasonal rains occur. Based on estimates of normal to above-normal rains across most of the country between December 2014 to March 2015, FAO estimates positive outlook for 2015 rice crop.

Acording to data from the FAO, average wholesale paddy rice prices have increased to around 691.14 real (around $282.56) per ton in October 2014, up about 2.5% from around 674.47 real (around $289.22) per ton in September 2014 and down about 5% from around 725.81 real (around $331.73) per ton in October 2013. In October, prices were supported by strong export Riceplus Magazine wwww.ricepluss.com mujahid.riceplus@gmail.com Cell: +92 321 369 2874

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November 26, 2014

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

demand and depreciation of local currency.

Brazil’s National Grains Supply Company (Conab) has forecasted the country's 2014-15 paddy rice production at around 12.51 million tons, down about 3% from around 12.162 million tons in 2013-14.USDA estimates Brazil to produce around 12.206 million tons of paddy rice (around 8.3 million tons, basis milled) and export around 900,000 tons in MY 2013-14 (January December). It estimates Brazil MY 2014-15 paddy rice production at around 12.23 million tons (around 8.35 million tons, basis milled).

Brazil exports about 11% of its milled rice production. Brazil has exported around 985,907 tons of rice in January - October 2014 according to data released by the Rice Institute of Rio Grande do Sul (IRGA).

Tags: Brazil paddy rice production, Brazil rice exports, Brazil rice prices

Global Rice Quotes November 24th, 2014 Long grain white rice - high quality Thailand 100% B grade 420-430 Vietnam 5% broken 395-405 ↔ India 5% broken 395-405 ↓ Pakistan 5% broken 380-390 ↓ Cambodia 5% broken 455-465 ↔ U.S. 4% broken 540-550 ↔ Uruguay 5% broken 595-605 ↔ Argentina 5% broken 595-605 ↔

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Long grain white rice - low quality Thailand 25% broken NQ ↔ Vietnam 25% broken 355-365 ↔ Pakistan 25% broken 335-345 ↓ Cambodia 25% broken NQ ↔ India 25% broken 360-370 ↓ U.S. 15% broken 510-520 ↔ Long grain parboiled rice Thailand parboiled 100% stxd 405-415 Pakistan parboiled 5% broken stxd 420-430 India parboiled 5% broken stxd 380-390 U.S. parboiled 4% broken 580-590 ↔

↔ ↓ ↔

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November 26, 2014

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

Brazil parboiled 5% broken 570-580 Uruguay parboiled 5% broken NQ Long grain fragrant rice Thailand Hommali 92% 865-875 Vietnam Jasmine 530-540 ↔ India basmati 2% broken NQ ↔ Pakistan basmati 2% broken NQ ↔ Cambodia Phka Malis 835-845 Brokens Thailand A1 Super 330-340 ↔ Vietnam 100% broken 320-330 Pakistan 100% broken stxd 315-325 Cambodia A1 Super NQ ↔ India 100% Broken stxd 305-315 Egypt medium grain brokens NQ ↔ U.S. pet food 445-455 ↔ Brazil half grain NQ ↔

↔ ↔ ↑

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All prices USD per ton, FOB vessel, oryza.com

FAO Forecasts Japan MY 2014-15 Rice Imports to Increase Slightly to 700,000 Tons Nov 25, 2014

The UN's Food and Agriculture Organization (FAO) has estimated Japan's MY 2014-15 (April - March) to slightly increase to around 700,000 from last year due to expected decline in production.The FAO has estimated Japan's 2014 paddy rice production at around 10.6 million tons (around 7.73 million tons, basis milled), up about 1% from around 10.759 million tons (around 7.85 million tons, basis milled). The decline in production is attributed to a slight decline in planted area because of low prices prevailing at the sowing

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November 26, 2014

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

time.

USDA estimates Japan MY 2014-15 (November- October) paddy rice production to decline about 1.6% to around 10.577 million tons (around 7.7 million tons, basis milled) from last year's 10.758 million tons (around 7.832 million tons, basis milled). It estimated Japan to import around 700,000 tons, up about 9% from around 640,000 tons last year.

Tags: japan rice imports, Japan rice production

India Exports 3.16 Million Tons of Rice in First Four Months of FY 2014-15, Down 10% from Last Year Nov 25, 2014

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November 26, 2014

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

India exported around 3.16 million tons of rice (including basmati and non-basmati) in the first four months of FY 2014-15 (April - March), down about 10% from around 3.53 million tons exported during the same period in FY 2013-14, according to provisional data released by the Agricultural and Processed Food Products Export Development Authority (APEDA).

In value terms, India’s total rice exports have earned around Rs. 15,250 crore (around $2.55 billion) during April – July 2014, slightly down from around Rs. 15,336 crore (around $2.69 billion) in the same period in FY 2013-14. In USD terms, value of rice exports declined by about 5% during April – July 2013.

India's basmati rice exports have declined to around 1.22 million tons in April - July 2014, down about 16% from about 1.45 million tons exported in the same period in FY 2013-14. In value terms, basmati rice exports surged to about Rs.10,363 crore (around $1.73 billion) during the first four months of FY 2014-15, slightly up from around Rs.10,294 crore (around $1.8 billion) earned in the same period in FY 2013-14. In USD terms, India’s basmati rice exports declined by 4% in April – July 2014.

India's basmati rice exports were primarily impacted due to Iran's stance to revise revised the accepted level of arsenic content in basmati rice from 150 parts per billion (ppb) to 120 ppb in March this year. In September this year, the Middle East nation also increased import duty on basmati rice from 22% to 45%. Iran is a major destination for India's basmati rice exports.

India’s non-basmati rice exports in April - July 2014 declined to around 1.945 million tons, down about 6% from around 2.08 million tons recorded in the same period in FY 2013-14. In value terms, non-basmati rice exports earned about Rs.4,887 crore (around $816 million), down about 3% from around Rs.5,043 crore (around $880 million) in the same period in FY 2013-14.

In dollar terms, non-basmati rice exports declined by 7% during the period.

Tags: India rice exports, India basmati rice exports, India non-basmati rice exports

Oryza U.S. Rough Rice Recap – Prices Dip Slightly as Holiday Mode Sets In Nov 25, 2014

The U.S. cash market was slightly weaker today falling in sympathy with a softer futures market however there was very little of any consequence to report as selling interest has come to a standstill ahead of the thanksgiving holiday.Analysts insist that most farmers remain unimpressed with the bids that they are seeing and would rather keep their rice in their bins and Riceplus Magazine wwww.ricepluss.com mujahid.riceplus@gmail.com Cell: +92 321 369 2874

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November 26, 2014

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

wait until prices improve even if that does not happen until after the new year.

Tags: Rice Prices, rice news, U.S.

Oryza Overnight Recap - Chicago Rough Rice Futures Remain under Pressure on Light Trade Volume Likely Due to Shortened Holiday Week Nov 25, 2014

Chicago rough rice futures for Jan delivery are currently paused 11 cents per cwt (about $2 per ton) lower at $12.335 per cwt (about $272 per ton) ahead of floor trading in Chicago. The other grains are seen trading higher: soybeans are currently seen about 1.1% higher, wheat is listed about 0.2% higher and corn is noted about 0.5% higher. U.S. stock-index futures were higher on Tuesday after the second reading of third-quarter GDP proved better than expected. The number came in at 3.9%, higher than the expected 3.5 percent quarter-on-quarter annualized growth.

The day will also bring the Conference Board's latest consumer confidence survey. In addition, the FHFA house price index and Case-Shiller home price indices for September will be released.

Declining oil prices remain in focus, with Brent crude trading below $80 a barrel. Traders are focusing on Thursday's meeting of the Organization of the Petroleum Exporting Countries (OPEC), to see whether the consortium will opt to cut production. U.S. stock-index futures are currently seen about 0.2% higher. Gold is currently trading about 0.3% lower, crude oil is seen trading about 0.2% higher, and the U.S. dollar is currently trading about 0.1% higher at 8:10am Chicago time.

Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market

Oryza Afternoon Recap – Chicago Rough Rice Futures Continue to Drift Lower on Reduced Trade Volume and Silent Cash Market Riceplus Magazine wwww.ricepluss.com mujahid.riceplus@gmail.com Cell: +92 321 369 2874

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November 26, 2014

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

Nov 25, 2014

Chicago rough rice futures for Jan delivery settled 7.5 cents per cwt (about $2 per ton) lower at $12.370 per cwt (about $273 per ton). Rough rice futures traded lower again today, as the market continues to suffer from a lack of interest likely due to the shortened holiday week. Little is expected in the way of trade volume over the rest of the week, a fact that could trigger price swings in either direction but will likely provide little in the way of technical or fundamental significance for future trading direction.

The other grains rallied today; Soybeans closed about 1.7% higher at $10.5100 per bushel; wheat finished about 1.7% higher at $5.5150 per bushel, and corn finished the day about 1.8% higher at $3.7425 per bushel.U.S. stocks rose on Tuesday, with the S&P 500 hitting another peak, as data had the economy growing more than previously forecast in the third quarter, mostly offsetting an unexpected drop in consumer confidence in November. The energy sector weighed on the broad market, with oil prices on the decline two days ahead of an OPEC meeting that has investors considering prospects for the first reduction in production quotas since 2008.

Crude erased initial Tuesday gains after the head of Russia's state oil producer said a drop below $60 a barrel would not mean Russia would have to ease its output. Crude-oil futures were lately down $1.01, or 1.3%, at $74.77 a barrel on the New York Mercantile Exchange. Already modestly higher, stock futures furthered their gains after the Commerce Department reported gross domestic product climbed at a 3.9 percent annualized rate, up from an initial 3.5% estimate. Separately, a gauge of home prices in 20 cities climbed at a reduced pace in September.

After fluctuating on either side of neutral, the Dow Jones Industrial Average was up 24.53 points, or 0.1%, at 17,842.43. After setting another intraday record, the S&P 500 was lately up 1.01 point at 2,070.42, with industrials the best performing and energy hardest hit among its 10 major sectors. The Nasdaq.added 3.15 points, or 0.1%, to 4,758.05. Gold is trading about 0.1% higher, crude oil is seen trading about 2% lower, and the U.S. dollar is seen trading about 0.3% lower at about 1:00pm Chicago time.Monday, there were 413 contracts traded, up from 253 contracts traded on Friday. Open interest – the number of contracts outstanding – on Monday deceased by 29 contracts to 9,654.

Tags: Rice Prices, global rice news

Vietnam, Pakistan Rice Quotes Lower Today; Other Asia Rice Quotes Unchanged Riceplus Magazine wwww.ricepluss.com mujahid.riceplus@gmail.com Cell: +92 321 369 2874

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November 26, 2014

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

Nov 25, 2014

Vietnam rice sellers lowered most of their quotes by about $5 per ton today. Pakistan rice sellers lowered their quotes for broken rice by about $10 per ton. Other Asia rice sellers kept their quotes mostly unchanged today.

5% Broken Rice Thailand 5% rice is quoted at around $405 - $415 per ton, about $15 per ton premium on Vietnam 5% rice shown at around $390 - $400 per ton, down about $5 per ton from yesterday.

India 5% rice is quoted at around $395 - $405 per ton, about $15 per ton premium on Pakistan 5% rice quoted at around $380 - $390 per ton.

25% Broken Rice

Thailand 25% rice was last quoted at around $350 - $360 per ton, on par with Vietnam 25% rice shown at around $350 - $360 per ton, down about $5 per ton from yesterday. India 25% rice is quoted at around $360 - $370, about $25 per ton premium on Pakistan 25% rice quoted at around $335 - $345 per ton.

Parboiled Rice Thailand parboiled rice is quoted at around $405 - $415 per ton. India parboiled rice is quoted at around $380 - $390 per ton, about $40 per ton discount to Pakistan parboiled rice quoted at around $420 - $430 per ton.

100% Broken Rice Thailand broken rice, A1 Super, is quoted at around $330 - $340 per ton, about $10 per ton premium on Vietnam 100% broken rice shown at around $320 - $330 per ton. India's 100% broken rice is shown at around $305 - $315 per ton, on par with Pakistan broken sortexed rice quoted at around $305 - $315 per ton, down about $10 per ton from yesterday.

Tags: India rice prices, Vietnam rice prices, pakistan rice prices, Thailand rice prices

Three Resistant Genes, One Recipient Rice Riceplus Magazine wwww.ricepluss.com mujahid.riceplus@gmail.com Cell: +92 321 369 2874

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November 26, 2014

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

Variety and Hundreds of Happy Farmers Nov 25, 2014

Dr MR Vishnupriya, Senior Principal Scientist at the Centre for Cellular and Molecular Biology, an international molecular research centre in Hyderabad, south India, talks about how the ‘Improved Sambha Masuri’ has managed to floor lakhs of Indian rice farmers and is continuing its successful sprint. CCMB won the Council for Scientific and Industrial Research (CSIR) award for innovations in rural development for its work on the 'Blight Out' project which is fighting against bacterial blight in rice crop in 2014.

Oryza: How did the award-winning project of ‘improved Sambha Masuri’ variety come through?

Dr Vishnupriya: The project titled ‘Blight Out’ began at the end of 1999 as a collaborative project between the Centre for Cellular and Molecular Biology (an international research firm) and Directorate of Rice Research, Hyderabad, south India. The Sambha Masuri was a popular rice variety in south India, but it was often infected by the deadly bacterial blight which has no solution after it attacks the plant. So it was our priority to work on something that is affecting lakhs of rice farmers in India and the world. At CCMB, chief scientist Dr Ramesh Sonti and I worked on it with encouragement from director Dr Mohan Rao. Oryza: How did you go about achieving this?

Dr Vishnupriya: Our task was to drag three resistant genes through xa21 xa 13 and xa5 gene cassettes from the donor to the recipient while ensuring that the recipient retains its originality and the three resistant genes alone. We had to go backcrossing so that only the resistant genes were transferred into the final seed.

Oryza: What is the main advantage of growing the improved Sambha Masuri seed?

Dr Vishnupriya: First, it is bacterial blight resistant, it gives the farmer an early crop (by about Riceplus Magazine wwww.ricepluss.com mujahid.riceplus@gmail.com Cell: +92 321 369 2874

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November 26, 2014

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

ten days) and farmers can plant the same seed with every crop. Unlike in case of hybrids where farmers have to buy fresh set of seeds as the hybrid seeds lose their vigour and vitality with every passing generation, farmers can grow this variety by simply setting aside a few bags for seeding during the next season.

Oryza: What was the response of the farmers when they saw the performance of the variety?

Dr Vishnupriya: In 2010, while a serious disease severely affected the rice plants of Nandyal town in south India, while a solo farmer who planted improved Sambha Masuri got a bumper yield. Later, the farmers also got to know about the millions of profits farmers in Gangavathi bagged after they planted this variety in 16,000 hectares. Now, the farmers are also asking us if we can find solutions to other diseases like for leaf streak, BHP, resistance to other diseases etc.

We are working on that. We recently distributed 10 kg seed bags to a few hundreds farmers in October 2014 and hope to reach out to more farmers through Krishi Vignan Kendras (Indian grassroot agriculture research institutes) .

Oryza: What else do you foresee for improved Sambha Masuri’s future?

Dr Vishnupriya: More and more Indian and global farmers cultivating it and keeping up the fight on against the bacterial blight despite it developing resistance or getting smarter.

Oryza: What else is CCMB working on now, for rice farmers especially?

Dr Vishnupriya: I am working on a project with abiotic stress heat stroke.

Oryza: Has any seed company come forward to produce the seeds?

Dr Vishnupriya: We were not happy with the work a seed company which came forward to do it and neither were we happy with proposals from some others. So now we are planning to float a seed company with international collaboration by the beginning of 2015, hopefully.

Oryza: What do you think fetched the coveted award for the rice variety?�

Dr Vishnupriya: It is a socially relevant product, a technical product with a human face and has a global impact. Our director Dr Mohan Rao took the initiative to ensure that the research that typically is restricted to records and government submissions has reached lakhs of farmers who are benefitting from it.

Tags: Rice, rice news, CCMB, resistant genes, improved sambha masuri, India, dr ramesh sonti, dr mohan rao, dr vishnupriya, how to. bligh resistant

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November 26, 2014

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

Thailand Intensifies Measures to Support Rice Prices; Doubles Lending Budget of BAAC Nov 25, 2014

The Thai government has decided to increase lending budget of the Bank for Agriculture and Agricultural Cooperatives (BAAC) to around 34.8 billion baht (around $1.06 billion) from the earlier 17.3 billion baht (around $527 million) as part of measures to control price falls in the current harvest season, according to Bloomberg.The government will encourage farmers to delay sales of about 2 million tons from the upcoming harvest to boost rice prices. According to local sources, it is keen on increasing the price of unmilled white rice to around 8,500 baht (around $263) per ton, prices of unmilled jasmine rice to around 16,000 baht (around $495) per ton, and prices of glutinous rice to around 13,000 baht (around $401) per ton during the main crop harvest season.

The government will provide low-interest loans to farmers to hold their harvest and refrain from selling. The loans will be increased to 90% of the value of rice stored (without releasing into market) from the current 80%. It will also pay about 1,000 baht (around $77) per ton to farmers to ensure rice is kept in good conditions.The measures are expected to prevent prices from falling as well as help increase incomes of farmers.

Tags: Thai rice sector, Thai rice prices

Pakistan Exports 295,252 Tons of Rice in First Two Months of FY 2014-15 Nov 25, 2014

Pakistan has exported around 295,252 tons of rice (including basmati and non-basmati) worth $194.26 million in the first two months of FY 2014-15 (July - June), according to data from the Rice Exporters Association of Pakistan (REAP).

The South Asian nation exported 91,216 tons of basmati rice worth 105.72 million during July August 2014. The U.A.E. and the U.K. remained biggest destinations for Pakistan's basmati rice in July - August 2014. The U.A.E. accounted to about 19% of Pakistan's total basmati rice Riceplus Magazine wwww.ricepluss.com mujahid.riceplus@gmail.com Cell: +92 321 369 2874

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November 26, 2014

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

exports in the first two months of FY 2014-15. Pakistan exported around 17,654 tons of basmati rice worth $20.3 million to the U.A.E. in the referred period. The U.K. accounted to about 11% of Pakistan's total basmati rice exports in the first two months of FY 2014-15. Pakistan exported around 10,174 tons of basmati rice worth $11.6 million to the U.K. in the referred period.

Other important destinations for Pakistan’s basmati rice exports in July - August 2014 included Riceplus Magazine wwww.ricepluss.com mujahid.riceplus@gmail.com Cell: +92 321 369 2874

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November 26, 2014

DAILY EXCLUSIVE ORYZA E-NEWSLETTER

Oman (about 7,701 tons worth $10.5 million), Azerbaijan (about 6,606 tons worth $3.3 million), KSA (about 6,578 tons worth $7.5 million), Qatar (about 4,802 tons worth $6.1 million), Australia (about 3,355 tons worth $4.2 million), U.S. (about 3,136 tons worth $4.7 million) and Malaysia (about 2,534 tons worth $2.7 million).

Pakistan exported 204,036 tons of non-basmati rice worth 88.5 million during July - August 2014. Kenya and Indonesia remained biggest destinations for Pakistan's non-basmati rice in July - August 2014. Kenya accounted to about 29% of Pakistan's total non-basmati rice exports in the first two months of FY 2014-15. Pakistan exported around 58,952 tons of non-basmati rice worth $23.8 million to the Kenya in the stated period. Indonesia accounted to about 12% of Pakistan's total non-basmati rice exports in the first two months of FY 2014-15. Pakistan exported around 24,500 tons of non-basmati rice worth $8.3 million to Indonesia in the stated period.

Other important destinations for Pakistan’s non-basmati rice exports in July - August 2014 included Afghanistan (about 12,129 tons worth $3.7 million), Tanzania (about 9,909 tons worth $4.2 million), KSA (about 8,100 tons worth $5.5 million), China (about 6,798 tons worth $4.6 million), Benin (about 6,541 tons worth $2.4 million), U.A.E. (about 6,193 tons worth $5.3 million), Azerbaijan (about 5,908 tons worth $1.8 million) and Iraq (about 5,283 tons worth $1.6 million).

In FY 2013-14, the U.A.E., the U.K., Yemen, Oman, KSA, Belgium, Azerbaijan, Spain and the U.S. remained the top destinations for Pakistan's basmati rice. Kenya, China, Madagascar, Tanzania, Benin, Mozambique, Malaysia, Ivory Coast, KSA, Guinea and Mauritania remained top destinations for Pakistan's non-basmati rice exports during the year.

Tags: Pakistan rice exports, Pakistan basmati rice exports, Pakistan non-basmati rice exports

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