India's rice output to drop for the first time in 8 years, government says

Published Mar 2, 2024

Tridge summary

India's rice production is predicted to decline for the first time in eight years in 2023/24 due to below average rainfall. However, wheat production is expected to rise by 1.3% from the previous year. The decrease in rice production may result in the Indian government extending export restrictions to control food prices, particularly ahead of a general election. This could potentially exacerbate global food prices due to low stockpiles in other major rice exporting countries such as Thailand, Vietnam, Pakistan, and Myanmar.
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

MUMBAI, - India's rice production is set to fall for the first time in eight years in 2023/24 because of below average rainfall, while wheat production is expected to rise 1.3% from a year ago, the government said in a statement on Thursday. Rice production in the world's largest exporter is being carefully watched after New Delhi banned exports of non-basmati white rice in July, sending global prices surging. Rice production is expected to fall to 123.8 million metric tons in the crop year to June, while wheat production could rise to 112 million tons from 110.6 million tons a year ago, the Ministry of Agriculture and Farmers Welfare said. Lower rice production raises the prospect that Prime Minister Narendra Modi's government will extend curbs on exports of the grain to keep a ...
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