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At a Committee on Agriculture meeting at the World Trade Organization (WTO) on Wednesday, Japan, Australia, Brazil, the EU, the UK and the US, among others, raised concerns over the impact of the ban on the global food market, highlighting its significance as the world's largest rice exporter, accounting for over 40% of global exports.
India, the world’s largest exporter of rice, barred overseas sales in July to cool high cereal inflation, which continues to be in double digits
New Delhi: India has allowed the export of non-basmati white rice to the tune of 75,000 tonnes to the UAE.
The Agricultural Economics Office of the Agriculture and Cooperatives Ministry in Thailand has forecasted a decline in rice production for the country’s 2023-24 harvest season, primarily due to the effects of the El Niño weather phenomenon.
The export ban is bringing back memories of 2008, when a global rice crisis put 100 million people at risk, many in sub-Saharan Africa. Back then, both Vietnam and India restricted exports.