Ban on Fine Rice Exports in India Drives Steady Price Increases During W37

Pauline Fay Enriquez
게시됨 2023년 9월 25일
The ban on exporting fine rice varieties in India has led to a steady price increase during W37, with prices rising by USD 4.80 to 6 per 100 kilograms (kg) (INR 400 to 500/100 kg) in the last two months and USD 12.03/100 kg (INR 1,000/100 kg) in 2022. The price increase is due to farmers' unwillingness to cultivate the fine variety and a large gap between demand and supply. Millers, who stocked up on fine varieties, have made good profits, with prices now rising to USD 60.16 to 72.19/100kg (INR 5,000 to 6,000/100kg). The lack of price fixation by authorities has further exacerbated the situation.
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