Malaysia requests India to reduce restrictions on the export of rice and sugar

Published 2024년 7월 20일

Tridge summary

India has announced limitations on the exports of rice, onions, and sugar for 2023 in anticipation of upcoming elections in April-May, in an effort to control rising local prices. This move is expected to impact countries like Malaysia, which heavily relies on India for these commodities. The Indian government is also contemplating lowering the export floor for basmati rice and replacing a 20% export tax on semi-boiled rice with a flat duty on international shipments, due to record high domestic rice stocks.

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Original content

India, the world's largest exporter of rice and onions and the second-largest exporter of sugar, has limited exports of these commodities in 2023 to control local prices ahead of elections in April-May, ISNA reported. Johari Abdul Ghani said on the sidelines of an industry conference in New Delhi that sudden restrictions on Indian agricultural exports are not good for Malaysia. India was the main source of sugar, rice and onions for Malaysia, which is the second largest exporter of palm oil to India after Indonesia. New Delhi is likely to lower the export floor for ...

Source: Isna