South Africa: India's possible ban on rice exports presents a risk to global food prices

게시됨 2023년 7월 17일

Tridge 요약

India is considering a temporary ban on rice exports, which could cause major disruptions in global rice trade and potentially increase prices. India is a significant producer of rice, accounting for 26% of expected global rice production in 2023/24. The potential ban comes at a time of abundance in global rice supply, and if implemented, it could change the downward trend in global food prices and impact importing countries like South Africa, which would have to source larger volumes of rice from other suppliers.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

One important development this past week in global agriculture was the news that India is considering a temporary ban on rice exports. The rationale cited in various media articles in that India's government is worried about inflation ahead of the upcoming elections. However, the problem with this view is that India faces far less inflation pressure than other regions. For example, in June 2023, India's annual consumer inflation was at 4.8%, down significantly from the start of the year when inflation was at 6,5% in January 2023. Food inflation has moderated at roughly the same pace, measured at 4,5% in June 2023, down from 5,9% in January. Importantly, India is a significant producer of rice globally, accounting for a 26% share in the expected 2023/24 global rice production of 525 million tonnes, according to data from the International Grains Council (IGC). Of the 50 million tonnes of rice for global exports projected for the 2023/24 season, India is expected to account for ...

출처: Farmingportal