Business / India To Ban Rice Exports After Wheat Here the answer

Rice Ban: Last month, the Government of India had banned the export of wheat. This decision was taken due to less than normal yield and insufficient stock of the crop in the current financial year. Inflationary pressures due to the ongoing war between Russia and Ukraine have also forced the government to impose sanctions. Russia and Ukraine are the largest suppliers of the crop in the world. Since the war broke out in February, supplies have been severely affected.

Will India also impose a ban on export of rice?

After wheat, some people are now speculating that such a ban can also be imposed on rice. Will the Indian government also stop the export of rice? Food Secretary Sudhanshu Pandey has clarified on this.

According to the report of The Mint, Pandey said, 'We have sufficient stock of rice, so there is no such plan.' Explain that India is the largest exporter of rice in the world. Many countries are completely dependent on Indian rice. If the ban is imposed in future for any reason, then there will be a lot of pressure on these countries because these countries are already struggling with rising inflation due to war.

How will the rice yield this year?

The Meteorological Department has predicted a normal monsoon this year. This means that the yield of rice will also be normal. That is, India's dominance in the market will remain intact.

How big is India's rice market?

According to the report, India's rice export in the year 2021 was 21.5 million tonnes. This was more than the exports of the next four exporters Thailand, Vietnam, Pakistan and America. India is also the second largest consumer of rice in the world, second only to China. When India banned the export of rice in the year 2007, the prices across the world had risen sharply. India exports rice to more than 150 countries in the world.

Let us tell you that the prices of food items have increased rapidly in the last few months. The prices of wheat to meat, oil and grains have increased. In the past, India had banned the export of wheat, Ukraine had banned wheat, oats, sugar and Indonesia had banned the export of palm oil.