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Govt working to avoid panic over rice with targeted curbs on export

India accounts for 40% of the global rice trade so any change in its export policy has huge implications for the billions of people who depend on the staple

Photo: Bloomberg
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Photo: Bloomberg

Pratik Parija and Bibhudatta Pradhan | Bloomberg
India’s potential clampdown on exports of broken rice shows the world’s top shipper trying to thread the needle of cooling domestic inflation without causing global panic.
 
The government is discussing curbs on broken rice exports, which account for a little under 20% of the country’s shipments abroad. While such a move has the potential to further disrupt global crop markets and worsen a hunger crisis, the impact is less severe than if it were to restrict all rice exports.

India accounts for 40% of the global rice trade so any change in its export policy has huge implications for the