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 received the lowest August rains since at least 1901, raising concerns about weaker crop output and the potential for more export restrictions following the nation's curbs on rice.
Over a month after banning exports of widely consumed non-basmati white rice to control rising domestic prices, India on Tuesday decided to allow the export of rice to Singapore.
India accounts for more than 40 percent of all global rice shipments, while non-basmati white rice constitutes about 25 percent of the total rice exported