India Considers Rice Export Deal to Help Boost Food Security in Indonesia
-
India may sign an MoU with Indonesia to sell up to 1 million tonnes of white rice annually to help with Indonesia's food security.
-
Indonesia is facing difficulties getting rice from Vietnam, its current major supplier, due to drought from El Nino.
-
India banned white rice exports on July 20, but can allow exports to meet other countries' food security needs.
-
The proposed MoU does not legally obligate India to export rice if domestic production is low.
-
The MoU could help India increase rice exports and reduce its trade deficit with Indonesia, a key diplomatic and trade partner.