Global: FAO proposes four nations to mitigate impact of Indian rice export constraints

Rice

Myanmar [Burma]

Vietnam

Published Nov 9, 2023

Tridge summary

Despite a decrease in rice exports from India and Vietnam, other Asian countries like Thailand, Pakistan, Myanmar, and Cambodia are expected to compensate for the decline, resulting in overall Asian rice exports being 6 percent higher than the five-year average. The Food and Agriculture Organization predicts that global rice reserves will recover by 1.5 percent year-on-year, with India, Pakistan, and the US contributing to the increase. Rice prices have fluctuated, with decreases in some markets and increases in others, influenced by factors such as exchange rates and harvest progress.

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Original content

Rice exports from India and Vietnam have decreased, but other countries like Thailand, Pakistan, Myanmar, and Cambodia are expected to compensate for this decline, resulting in overall Asian rice exports being 6 percent higher than the five-year average, according to the Food and Agriculture Organization (FAO). In its "Crop Prospects and Food Situation" report, the FAO predicts that global rice reserves at the end of the 2023-24 marketing season will recover by 1.5 percent year-on-year, reaching a peak of 198.9 million tonnes. Much of this increase is expected in India, with additional contributions from Pakistan and the US, which could offset stock drawdowns in other major rice-exporting nations. However, India has imposed restrictions on rice shipments since September 2022, which have affected its exports. These measures include a ban on damaged rice shipments in September 2022, a ban on white rice exports in July of the same year, a 20 percent duty on parboiled rice since ...

Source: Krishi Jagran