India’s potential clampdown on exports of broken rice shows the world’s top shipper trying to thread the needle of cooling domestic inflation without causing global panic.
The government is discussing curbs on broken rice exports, which account for a little under 20% of the country’s shipments abroad. While such a move has the potential to further disrupt global crop markets and worsen a hunger crisis, the impact is less severe than if it were to restrict all rice exports.
India accounts for 40% of the global rice trade so any change in its export policy has huge implications for the billions of people who depend on the staple. During the 2007-08 food crisis, India blocked rice exports, leading other producers