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Rice Exports

All articles tagged with #rice exports

agriculture-and-trade1 year ago

Red Sea Attacks: Impact on Global Rice Trade and Shipping Companies

Global rice shortages are worsening as India's exports face hurdles due to increased freight costs and disruptions in the Red Sea caused by attacks. The surge in tensions has led to a decline in exports of premium Indian basmati rice, affecting global rice shipments. India's ban on white rice and broken varieties has further exacerbated the situation, impacting markets in the Middle East and Africa. The shortage is also influenced by dry weather in key producing regions and ongoing conflicts in Israel-Gaza and Ukraine. As a result, rice prices are on the rise, and the impact is expected to last for a considerable period.

via South China Morning Post|
#agriculture-and-trade#freight-costs#global-rice-shortage
trade2 years ago

"Indian Rice Exports Hit by Postponed Shipments and Imposed Curbs"

India's imposition of a 20% duty on parboiled rice exports has led to the postponement of around 500,000 metric tons of shipments until after mid-October, as buyers and sellers seek to avoid paying the tax. This delay could deplete inventories in importers such as Benin, Ghana, Côte d'Ivoire, and Liberia, and drive up local prices in those countries, which are already at multi-year highs. Indian exporters have raised prices to a record level of $520 to $540 per metric ton, up nearly 40% from last year. Other major rice producers have also raised prices, leaving African buyers to opt for delaying shipments and waiting for price corrections.

via Reuters India|
#duty#importers#india
tradeeconomy2 years ago

India Implements 20% Duty on Parboiled Rice Exports, Expanding Restrictions

India has imposed a 20% duty on parboiled rice exports, following a ban on non-basmati white rice exports last month. The move is expected to further reduce shipments from the world's largest exporter and increase global rice prices, which are already at their highest levels in 12 years. The restrictions on rice exports, including parboiled rice, have led to record-high prices and limited options for buyers. India's curbs on food commodity exports reflect the government's concern over food inflation ahead of an upcoming general election.

via Reuters India|
#export-restrictions#global-rice-prices#india
global-economy2 years ago

Rising Trade Tensions and Extreme Weather Drive Global Food Prices Up

Global food prices have risen for the first time in months due to Russia ending a grain deal with Ukraine and India restricting rice exports. The UN Food and Agriculture Organization reported a 1.3% increase in the FAO Food Price Index in July, driven by higher costs for rice and vegetable oil. Disrupted supplies from Russia and Ukraine have exacerbated a global food crisis, particularly in developing nations heavily reliant on imports. The recent trade ban on some varieties of non-Basmati white rice by India has further raised concerns about food security, as rice prices have reached their highest level since 2011. The rise in food commodity prices may prolong the lack of transmission of lower prices to consumers in developing countries.

via The Associated Press|
#food-prices#global-economy#india
food-and-agriculture2 years ago

Indian Expats in the US Panic-Buy as India Reduces Rice Exports

India's decision to severely curtail rice exports has triggered panic-buying among the Indian diaspora in the United States, with some rushing to supermarkets to stock up on bags of rice. The export bans on non-Basmati white rice varieties were imposed to ensure adequate availability and control rising prices in the domestic market. While the supply of imported rice from India in the US may not be an immediate problem, a long-term ban could deplete stocks. Indian expats may have to adapt by purchasing rice grown in the US or imported from other countries.

via Yahoo News|
#food-and-agriculture#food-staple#india
agriculture2 years ago

India Implements Rice Export Ban to Stabilize Local Prices and Protect Crops

India, the world's top rice exporter, has banned the export of non-basmati white rice due to a rise in retail prices caused by late monsoon rains damaging crops. The ban, which accounts for more than 40% of global rice exports, is expected to have a significant impact on food prices, similar to the impact of the Ukraine war on wheat supplies. The move aims to ensure adequate availability of rice in the domestic market and curb inflation ahead of the upcoming general election. The ban is likely to disrupt the global rice market, with buyers unable to replace shipments from any other country.

via Reuters|
#agriculture#food-prices#global-rice-market