HO CHI MINH CITY: India, the world's second largest rice producer after China, is forecast to produce 102 million tonnes of rice in the 2011/2012 season, up around 3 percent from the previous season, an executive at a rice export company said on Friday.
The country, which returned to the market in September with a plan to ship 2 million tonnes rice by March 2012, has 5 million tonnes set aside for export, Chairman Karan Chanana of the New Delhi-based Amira group told Reuters.
Pakistan, the world's 12th largest producer, is forecast to export 4.5 million tonnes of both basmati and white rice next year, up 28.6 percent from 2011, said Director Fuad Hamid Garib of Karachi-based Garibsons (Pvt) Ltd Co.
"We have the parboiled rice at the same quality with Thai or Vietnamese rice, but the price is about $200 a tonne lower," he told Reuters on the sidelines of a conference.
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