News

Singapore is contacting the Indian authorities to request an exception on rice export ban

Rice
India
Singapore
Published Jul 29, 2023

Tridge summary

Singapore is requesting an exemption from India's ban on non-basmati rice exports, as the country relies heavily on Indian rice imports. India imposed the ban to ensure domestic availability and combat rising inflation. The ban is expected to cause a food crisis in countries heavily dependent on rice imports, including African countries, Turkey, Syria, and Pakistan.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

"Singapore is in close contact with the Indian authorities," said the Singapore Food Agency (SFA) on Friday (28/7/2023). "To seek exemption from the prohibition." Please note, India is the world's largest rice exporter. The country has banned some overseas sales of rice since last Thursday. India's food and consumer affairs ministry said the ban on exports, which account for about a quarter of total exports, was a move to ensure domestic availability. This is also to restrain the rate of increase in domestic prices (inflation). "SFA is working with importers to increase imports of various types of rice from various sources," added SFA again saying another solution. To ensure sufficient supply of rice, Singapore also announced the Singapore Rice Stockpiling Scheme. Where rice importers must have a buffer supply equivalent to twice their monthly imports. "We review inventory buffers regularly and stand ready to work with industry if adjustments are needed," SFA said. "Consumers are ...
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