Minister for National Food Security Fakhar Imam has said that given the record rice production of nine million ton this year, there is a potential of fetching four point seven five billion dollars alone from its export.
Addressing a news conference in Islamabad today [Monday], he said both the government and the private sector will have to make coordinated efforts to achieve this export potential.
The Minister said that we have also suggested that a committee be formed under the chairmanship of Prime Minister Imran Khan to monitor and push the exports of rice.
Fakhar Imam pointed out that Pakistan is primarily exporting the rice to China, Kenya, UAE, Afghanistan and Afghanistan. He said we can also explore other markets in Africa and Latin America for its export.
The Minister said there has also been record production of sugarcane. He said prices of the commodity witnessed an increase due to its hoarding by certain elements. He however expressed the confidence that the price of sugar will further come down.