India Rice Export: Analysts say India s rice export ban is identical to those the country imposed previously in 2007 and 2008. This had triggered a domino effect with many countries curbing exports to ensure domestic demand is filled.
Analysts say India s rice export ban is identical to those the country imposed previously in 2007 and 2008. This had triggered a domino effect with many countries curbing exports to ensure domestic demand is filled.
Bhutan has requested India to allow rice export to the country after India banned overseas shipments of non-basmati rice, causing global rice prices to rise. Bhutan has made a diplomatic request for rice shipments of up to 90,000 tonnes. India s rice ban allows for exemptions for export under government-to-government deals and in cases of requests made by friendly countries with genuine food-security needs. India s share in global rice exports is nearly 40%. | Latest News India
The export ban on non-basmati rice is expected to aid basmati producers through higher realisation and lower working capital requirements, says Ind-Ra.