Pakistan

India’s Basmati Rice Exports to Fall as Pakistan Grows

India’s basmati rice exports are expected to fall in 2024 after hitting a record high last year as rival Pakistan offers the grain at competitive costs amid a rebound in production, industry officials said. India and Pakistan are the leading exporters of premium long-grain rice. known for its aroma, to countries such as Iran, Iraq, Yemen, Saudi Arabia, United Arab Emirates and the United States. India’s basmati rice exports rose 11. 5% year-on-year to 4. 9 million tonnes in 2023, just shy of the record of five million tonnes set in 2020, due to declining materials from Pakistan and storage efforts across cargo countries, industry officials said.

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UPDATE 9: Pakistan tells Iran it needs to build acceptance with lightning strikes

Pakistan expressed willingness to work with Iran on “all issues” during a call between its foreign ministers on Friday after the two countries exchanged drone and missile attacks on militant bases on each other’s territory. However, despite the fact that Iran and Pakistan have a history of complicated relations, both sides have already shown a willingness to ease tensions. A spokesman for Pakistan’s Foreign Ministry said Foreign Minister Khalil Abbas Jilani held talks with his Iranian counterpart Hossein Amirabdollahian on Friday, a day after Pakistan carried out measures in Iran.

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