India suspends rice exports

The world's largest rice exporter, India, is facing an El Niño and drought situation. As a result, many agricultural products were damaged. The Indian government has decided to ban exports of white rice except Basmati with immediate effect on July 20 in order to ensure there is sufficient supply for consumption. and prevent the rising of domestic rice prices. *India prohibits the export of rice. push up world market prices India is the world's second largest rice producer and the world's No. 1 rice exporter, with exports of 22.5 million tonnes of rice in 2022-2023, accounting for 40% of the global rice trade. India exports non-basmati white rice, accounting for about 25% of total rice exports. Previously, the price of rice in the world market had already rebounded. Due to the conflict situation between Russia and Ukraine Including the problem of inclement weather around the world that affects agricultural products. Analysts said the move by India would severely tighten the global ...