ISLAMABAD
\nRice producers are shifting production to hybrid varieties due to high profitability, says a report published by WealthPK on Saturday.
\nThe report says, rice is the second most important food and cash crop in Pakistan. The country enjoys a competitive advantage in the production of aromatic basmati rice.\u00a0
\nAs a result, it is a significant export for Pakistan, bringing in significant revenue for the government through export tariffs.
\nThe government has implemented various measures to enhance rice production. The largest rice-producing provinces are Punjab and Sindh, which account for 56 per cent and 39 per cent of total production, respectively.\u00a0
\nIn Sindh, suggested rice varieties have a potential yield that is higher than the average yield obtained by small farmers. Those who practice cultivation using the most up to date rice production technologies can get higher yields.\u00a0
\nDue to improved profitability, hybrid rice sowing in Punjab has consumed roughly 15 per cent of the entire farmed area of basmati rice this year, with per acre yields ranging from 140 to 150 maund.\u00a0
\nExporters claim that basmati rice growers harvest 35 to 40 maund per acre.
\nSimilarly, basmati rice yields earn about Rs70,000 to Rs80,000 per acre, while hybrid rice yields earn about Rs140,000 to Rs150,000 per acre.
\n\u201cBecause of increased profitability, rice producers are shifting to hybrid varieties, which is only natural,\u201d says SM Naveed, President of the Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI).
\nFollowing the completion of required international food safety and security criteria, China has recently approved the shipment of additional seven Pakistani rice units. The idea would further boost rice exports and allow Pakistani rice exporters to break into the Chinese market.
\nPakistan\u2019s Department of Plant Protection and relevant Chinese authorities held several meetings and video conferences to materialise the existing scope of local rice exports to China.\u00a0
\nPakistan is ready to sell 3.75 million tonnes of rice to China after satisfying yearly domestic consumption of 2.5 million tonnes.\u00a0
\nWith a 244 per cent rise in paddy shipments to China over the last two years, China has emerged as one of Pakistan\u2019s major rice export destinations.\u00a0
\nWithin a year, PCJCCI plan to triple rice shipments to China. If persistent efforts to sell Pakistani rice are pursued, focusing on the needs of the Chinese population, the dream of exporting roughly 10 million tonnes of Irri-6 rice to China could become a reality. Instead of physical seedling planting, the Rice Research Institute has devised new procedures for cultivating rice using the broadcasting system.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD Rice producers are shifting production to hybrid varieties due to high profitability, says a report published by WealthPK on Saturday. The report says, rice is the second most important food and cash crop in Pakistan. The country enjoys a competitive advantage in the production of aromatic basmati rice.\u00a0 As a result, it is a […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5],"tags":[],"class_list":{"0":"post-239056","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n