India Set to Curb Some Rice Exports in Risk to Global Supply
- The government may restrict outbound shipments of broken rice
- Rice planting has shrunk due to a lack of rains in some areas
Sacks of paddy rice for transportation at a wholesale grain market in Dankaur, Uttar Pradesh, India.
Photographer: Anindito Mukherjee/BloombergThis article is for subscribers only.
India, the world’s biggest rice shipper, will likely restrict some exports as domestic supply is under threat, according to people with knowledge of the matter, a move that risks adding to the chaos in global food markets.
The government is discussing curbs on broken rice exports, which account for almost 20% of India’s shipments abroad, as local prices have soared, said the people, who asked not to be identified as the information is private. Talks are in advanced stages and a decision may be announced soon, the people said.