The government has no plans as of now to impose any restrictions on exports of rice and there are adequate buffer stocks to meet the domestic requirements, according to an official source. There were some discussions on imposing curbs on rice exports but no decision has been taken yet. The government is unlikely to put in any place restrictions, the source said. India, the world's second largest rice producer after China, commands 40 per cent share in the global trade. The country exported 21.2 million tonnes of rice in 2021-22 fiscal year, of which 3.94 million tonnes were basmati rice. It exported non-basmati rice worth USD 6.11 billion in the same period, as per official data. The country exported non-basmati rice to more than 150 countries in 2021-22. With area under coverage for paddy down by 6 per cent to 367.55 lakh hectares so far this kharif sowing season due to less rains in some states, there are concerns that production of rice may fall in the 2022-23 crop year ...
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
The potential export curbs could lift rice prices globally because India accounts for more than 40% of the world's rice shipments.
Exports of agricultural and processed food products rose by 31 per cent in the quarter to USD 7.4 billion.
Adverse weather across top rice suppliers in Asia, including the biggest exporter India, is threatening to reduce the output of the world's most important food staple and stoke food inflation.
The threat to India's rice production comes at a time when countries are grappling with soaring food costs and rampant inflation
India, the world's biggest rice exporter, has ample stocks of rice and there is no plan to restrict exports, the top official at the food ministry said on Monday
Rice has come into focus recently on worries that India may restrict exports of the crop next, after similar moves in wheat and sugar
India has stockpiled more than enough rice and prices have been under control
India banned wheat exports on May 14, just days after New Delhi forecast record shipments of 10 million tonnes this year
India exported rice to over 150 countries in 2021-22, of which 76 countries were sent non-basmati rice worth more than $1 million in 2021-22
India's 5% broken parboiled variety was quoted at $367 to $370 per tonne, down from last week's $371 to $378, edging lower on a depreciation in the rupee amid steady demand from key buyers
India's 5% broken parboiled variety was quoted at $367 to $370 per tonne, down from last week's $371 to $378, edging lower on a depreciation in the rupee amid steady demand from key buyers
Country posted 20% in exports of agricultural and allied products, while exports of plantation crops rose 19% to $1.2 billion and those of marine products were up 35% to $6.18 billion
The country's basmati rice exports in 2021 fell 20% from a year ago to 4 million tonnes, the lowest since 2017, according to government data
This is because the European Union (EU), from where the allegation came, accounts for very little of the country's rice export
The government on Wednesday clarified that India does not export genetically modified (GM) rice
With the new seed varieties, developed by the state-run Indian Agricultural Research Institute, farmers only need to irrigate the field once to moisten the soil before sowing the rice.
Top exporter India's 5% broken parboiled variety quotes fell to $354 to $358 per tonne from last week's $361 to $366 a tonne.
The world's biggest rice exporter is heading for record shipments this year that will help to keep rising food prices in check, according to the United Nations' Food and Agriculture Organization.