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India’s Protectionist Moves Spark Concern Rice May Be Next

  • Any restrictions on rice may exacerbate global hunger crisis
  • India is world’s top rice shipper, accounting for 40% of trade
Bloomberg business news
UN FAO Urges Countries to Share Information on Food Availability
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Rice may be India’s next food protectionism target after it restricted wheat and sugar exports, analysts say, a move that could have a devastating impact on global food security as it’s an important staple. 

India’s curbs on wheat and sugar exports sent shock waves through global markets as it marked an escalation in food protectionism that’s seen countries choke off flows of locally-grown supplies to the world. A similar move on rice by the No. 1 exporter at a time when crops like wheat and corn are soaring would threaten to plunge millions more into hunger and boost inflation risks.