Punjab faces 20-25% drop in rice production due to floods, potentially increasing export prices with limited global supplies. Punjab has around 40 per cent share in India’s Basmati rice export of 6.07 million tonne (mt) in 2024-25. “The rain is continuing, so it would be hazardous to guess how extensive the damage to crops, lives, cattle and houses is,” said Ashok Sethi, Director of Punjab Rice Millers and Exporters Association.