Posted on

India’s rice export ban to hurt millions globally. These countries will be the worst hit



Share

Women planting rice seedlings in a paddy field in Nagaon district of India’s northeastern state of Assam. India, the world’s largest rice exporter banned the exports of non-basmati white rice on Jul. 20Xinhua News Agency | Xinhua News Agency | Getty ImagesIndia’s rice export ban could ripple across global rice markets — and millions are expected to be impacted, with Asian and African consumers set to bear the biggest brunt.India, the world’s largest rice exporter, banned the exports of non-basmati white rice on Jul. 20, as the government sought to tame surging domestic food prices and “ensure adequate domestic availability at reasonable prices.”The country accounts for more than 40% of the global rice trade.”Malaysia appears to be the most vulnerable according to our analysis,” Barclays said in a recent report, highlighting the country’s sizable reliance on Indian rice.The scale of people impacted by Indian rice ban will be in millions.Mohanty SamarenduAsia Regional Director at Internation …

Read More