September 30, 2024 2:35 PM

Why India’s easing of export curbs is important to global rice trade

India has removed most of the export curbs it imposed on rice shipments in 2023 with immediate effect, as above-average monsoon rains are expected to boost crop yields amid overflowing stocks in state granaries. Here are some facts explaining India's importance to the global rice trade: * India accounted for more than 40% of the world's rice exports in 2022, a record 22.2 million metric tons out of a total of 55.4 million. * India's exports were bigger than the combined shipments of the world...