India Considers Lifting Rice Export Curbs as Supply Improves
- Stockpiles are adequate to meet the needs of welfare programs
- India will likely sell wheat in open market to control prices
India accounts for about 40% of global rice trade.
Photographer: T. Narayan/BloombergThis article is for subscribers only.
India, the world’s biggest rice exporter, is likely to lift restrictions on grain shipments in a move that would mark a further easing of a global wave of food protectionism after Russia’s invasion of Ukraine.
Authorities are actively considering removing curbs on some rice exports as domestic prices are stable, according to a person familiar with the matter. Government stockpiles are adequate to meet the needs of welfare programs, said the person, who asked not to be identified as the information is private.