India: The government closely monitoring the rice situation in domestic and international markets on weekly basis

Published Dec 20, 2023

Tridge summary

The government is closely monitoring the rice situation in the domestic and international markets on a weekly basis and can increase the percentage share in global rice trade when favorable conditions arise. India has banned export of broken and non-basmati white rice due to uncertainty around rice production and extreme climatic conditions, in order to ensure adequate availability in the domestic market and check domestic prices. India was the largest rice exporting country in the world from 2018 to 2022, accounting for 40.63 per cent of the world's rice exports, and is engaged in negotiations for free trade agreements with various countries.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The government is closely monitoring the rice situation in the domestic as well as international markets on weekly basis and it can increase the percentage share in global rice trade when favorable conditions arise, Parliament was informed on Wednesday. India has banned export of broken and non-basmati white rice in view of uncertainty around rice production here and other rice producing countries due to geopolitical scenario, El Nino sentiments and extreme climatic conditions to check domestic prices and ensure adequate availability in the market here. The government is closely monitoring the rice scenario in the domestic market as well as in international forum on weekly basis and the government can increase the percentage share in global rice trade when favorable conditions arise, Minister of State for Commerce and Industry Anupriya Patel said in a written reply to Lok Sabha. India was the largest rice exporting country in the world from 2018 to 2022 followed by Thailand and ...

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