India banned most rice exports on July 20, raising concerns that other rice-exporting countries might do the same, sparking volatility in the global rice market. Only “basmati’ rice ” can be exported from India, though its government has opened channels to sell directly to other governments. Several countries have requested export quotas from India, leading to price fluctuations.
India is the largest rice exporter, accounting for around 40% of the global rice trade. It has a major impact on global rice prices. Other major exporters, like Thailand, Vietnam, Pakistan, and the United States, have been affected by India’s partial ban.
Chookiat Ophaswongse, honorary president of the Thai Rice Exporters Association,
said the current rice-price situation makes it challenging for sellers to provide accurate prices. The recent ban on rice exports by Myanmar adds to the…
