Chairman of Indonesian Food and Beverage Entrepreneurs: India's ban on rice exports could turn into a boomerang for the country

Jakarta, CNBC Indonesia - General Chairman of the Association of Indonesian Food and Beverage Entrepreneurs (GAPMMI) Adhi S Lukman said that India's move to ban rice exports and raise rice export taxes could actually turn into a boomerang for the country. "India could be hit by its own sap with its policy of prohibiting the export of broken rice. Because there are still other countries that can supply it to the market. So, when importers are stable in getting supplies from other countries, then India has an oversupply in the country, so it will be hit As a result, they can actually make them lower their prices," Adhi told CNBC Indonesia, quoted on Wednesday (21/9/2022). Adhi admits that India's move will have an impact on Indonesia. Because, so far, the rice flour industry and the processed food industry use rice flour, relying on imported supplies. "Indeed, so far we have been supplied from India. However, there are Vietnam, Thailand, and Pakistan as well. And, this should be ...