Trading Corporation of Pakistan (TCP) on Tuesday announced to support the roadmap, designed by Rice Exporters Association of Pakistan (REAP), for increasing rice exports. Addressing the members of Reap, Rizwan Ahmed, chairman TCP, said that the state-run grain trader will facilitate rice exporters for achieving their goal to double rice exports in next two years.
“With efforts of Reap leadership, Pakistan’s rice exports have already achieved $2 billion target and now they are eying some $4 billion rice exports by 2018,” he added.
He said that TCP had always facilitated rice exports and would continue its support in the larger interest of the country to bring more foreign exchange. He informed that TCP was in process of negotiation with several countries including Cuba and Indonesia for rice export on Government to Government basis.
Rizwan said that TCP had agreed to provide its Pipri godown for rice zone on rental basis and a policy would be designed in the TCP’s board meeting. Abdul Rahim Janoo, former chairman Reap, said that in order to achieve $4 billion rice exports target Reap had decided to explore new export markets and as a part of these efforts a delegation headed by Chairman Reap was already on visit of Iran to find new exports opportunities, while another trade delegation would be sent to Saudi Arabia.
He said that declining price trend in the world market had created some challenges for the rice business and presently, some domestic rice trader were in trouble. He informed that Reap had arranged some 14 biryani festivals in different countries to introduce Pakistani basmati rice.
Janoo urged for aggressive work on Research and Development and said “our competitor India is introducing a new rice seed every year, while in Pakistan no new seed has been introduced since many years”. Chairman Reap Noman Ahmed Sheikh said that rice exporters were facing a tough time and need government’s support to introduce new seed to enhance the per hector yield. “We cannot compete in the world market without introducing new rice seed,” he added. On the occasion, former chairman Reap Javed Ghori, Wajid M. Paracha, Safdar Mehkri, Muhammad Yusuf and Khizar Hyat of TCP and others were also present.
Source: Business Recorder