After UN body, 3 nations ask India to resume rice exports

Singapore, Indonesia, and the Philippines have appealed to India to resume rice exports due to disruptions caused by India's suspension of non-basmati shipments to control prices and the rising levels of global food insecurity triggered by the pandemic and Ukraine war.

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8/22/2023

Rice prices soar, fanning fears of food inflation spike in Asia

Rice prices in Asia have surged to their highest level in almost 12 years due to India's rice export ban and adverse weather conditions, leading to concerns about food price volatility and potential shortages of other food commodities in the region. Factors such as extreme climate events, the onset of El Niño, trade restrictions, and protectionist food policies are contributing to the situation. While most Asian countries can withstand a supply shock in rice, there are concerns about the impact on overall farm output and consumer price inflation, particularly for vulnerable populations.

8/21/2023

Commentary: Does India’s disruption of the global rice market pose new threat to food security?

Both rice and wheat supplies are facing alarming shortages, raising concerns about a potential world food crisis, and the Indian rice export ban, along with other factors, has implications for global rice markets and prices.

8/25/2023

India expands curbs on rice exports with 20% duty on parboiled grade

India has imposed a 20% duty on parboiled rice exports, which is expected to reduce shipments and increase global rice prices, following previous bans on non-basmati white rice and broken rice exports.

8/27/2023

India Further Tightens Rice Shipments in Threat to Global Supply

India, the world's biggest exporter of rice, has imposed more restrictions on rice exports in an effort to prevent smuggling and cool local food prices ahead of a general election, further squeezing global supplies of the staple grain.

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Posted 8/20/2023, 4:58:34 PM