India bans exports and raises global crisis alert, could Brazil be affected?

At the end of July, India, the world's largest exporter of rice, announced a ban on exports of non-basmati white rice. India is the world's second largest producer of rice, with 134 million tonnes being forecast for the 2023/24 season, down 1.5% from the previous season, according to the US Department of Agriculture (USDA). The measure for the country, which represents 40% of global rice trade, comes after the product registers high in Indian retail, after heavy rains damaged producing areas of the country. Evandro Oliveira, a rice analyst at Safras & Mercado, points out that the country had already banned shipments of some rice varieties last year. “India exports to more than 140 countries, that is, the entire planet consumes Indian rice, which raises concerns about a possible shortage and food security, especially in poorer countries, especially East African nations”, he comments. CONTINUE AFTER ADVERTISING According to Oliveira, this blockade has already resulted in high ...