Pakistan Rice Exports to Fall by 1 Million Tons After Flood Destroys Crop

Pakistan’s rice exports will decline by 1 million metric tons this year after flooding destroyed as much as 20 percent of the crop, according to a trade group. “We won’t need to import rice,” Malik Jahangir, chairman of the Rice Exporters Association of Pakistan, said in a telephone interview from Lahore today. “Our exports usually average 4.5 million tons and will be about 3.5 million tons this year.” Pakistan produces 6.5 million tons of rice a year.