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Grain to grain: why the world may experience a shortage of another product

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Grain to grain: why the world may experience a shortage of another product

India, the world's largest exporter of rice, is considering restrictions on its exports That India – the world's largest exporter of rice – plans to introduce restrictions on the export of this product was reported by several world media at once, referring to Indian officials. There are currently no official confirmations, but the information seems quite plausible: in May, the Indian authorities already imposed a ban on exporting of wheat, later – on exporting sugar, and just last week limited the flour trade. The purpose of the embargo in all cases is to struggle with rising prices in the domestic market. Who will be most affected by such a step and how might it affect global trade? Why may the restrictions on rice exports from India occur? In the case of rice, the government is concerned about the reduction in the area of ​​rice fields to 34.37 million hectares due to adverse weather conditions. This is 8.3% less than a year earlier. According to the USDA forecast, India's rice production in the 2022-2023 crop year may decline for the first time since 2015-2016. Export prices of rice from India increased by 12% to $2.6 billion in the 1st quarter of this fiscal year compared to the previous one.  As a countermeasure, the government is considering restrictions on exports of broken rice, which accounts for nearly 20% of India's exports.
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26 of July 2026

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