As El Nino disrupts agriculture, Indian ban could send rice prices even higher
Labourers unload rice sacks from a truck at India’s main rice port at Kakinada Anchorage in the southern state of Andhra Pradesh, in September 2021. (Reuters File Photo)
India, the world’s biggest rice shipper, is considering banning exports of most varieties, a move that may send already lofty global prices higher as the disruptive El Niño weather pattern returns.
The government is discussing a plan to ban exports of all non-Basmati rice, according to people familiar with the matter. That’s because of rising domestic prices and authorities want to avoid the risk of more inflation, said the sources.
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