News

India restricts rice exports

Rice
India
Published Sep 21, 2022

Tridge summary

Financial Times writers John Reed and Jyotsna Singh reported late last week that, “India imposed controls on exports of several varieties of rice on Friday, in a move likely to affect the global market for one of the most commonly eaten staple foods as commodity prices surge following Russia’s invasion of Ukraine.

Original content

Financial Times writers John Reed and Jyotsna Singh reported late last week that, “India imposed controls on exports of several varieties of rice on Friday, in a move likely to affect the global market for one of the most commonly eaten staple foods as commodity prices surge following Russia’s invasion of Ukraine. “The country — the world’s leading exporter of rice, accounting for about 40 per cent of the global trade — imposed a 20 per cent duty on unmilled white rice, husked brown rice and semi-milled or wholly-milled rice. The restrictions do not apply to basmati rice, India’s best-known variety of the grain.” Also last week, Bloomberg writers Pratik Parija and Swansy Afonso reported that, “India, the world’s biggest rice shipper, restricted exports of key varieties that mainly go toward feeding Asia and Africa, threatening to rattle global crop markets and exacerbate food inflation and hunger. “The government has imposed a 20% duty on shipments of white and brown rice, and ...
Source: Agfax
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.