Countries worldwide are scrambling to secure rice after a partial ban on exports by India cut global supplies by roughly a fifth.
battered its northern rice-producing region, damaging $32 million worth of rice crops — an estimated 22% of its annual production.
The restrictions will take offline nearly half the country's usual rice exports this year, said Ashok Gulati of the Indian Council for Research on International Economic Relation. Repeated restrictions make India an unreliable exporter, he added. Vietnam, another major rice exporter, is hoping to capitalize. With rice export prices at a 15-year high and expectations that annual production to be marginally higher than last year, the Southeast Asian nation is trying to keep domestic prices stable while boosting exports.
Already the Philippines is in talks with Vietnam to try to get the grain at lower prices, while Vietnam also looks to target the United Kingdom, which receives much of its rice from India.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
India’s Population Surpasses China, Shifting Global OrderChina has been the most populous nation in the world since at least 1750. But in April, India’s population is set to surpass China’s. WSJ examines what this shi
Lire la suite »
Global food security is at crossroads as rice shortages and surging prices hit the most vulnerableCountries worldwide are scrambling to secure rice after a partial ban on exports by India cut global supplies by roughly a fifth.
Lire la suite »
Global food security is at crossroads as rice shortages and surging prices hit the most vulnerableCountries worldwide are scrambling to secure rice after a partial ban on exports by India cut global supplies by roughly a fifth.
Lire la suite »
Peet's Coffee remains in Russia, plans on renaming brand despite other Western countries leavingThe parent company of Peet's Coffee, JDE Peet's, has decided to stay in Russia despite many other Western brands pulling out following Russia's invasion of Ukraine.
Lire la suite »
Non-Tesla Supercharging Pilot Program Approaching 20 CountriesNon-Tesla electric vehicles can use some of Tesla Superchargers in nearly 20 countries, including 15 in Europe. In the US, the progress is very slow.
Lire la suite »
Non-Tesla Supercharging Pilot Program Approaching 20 CountriesNon-Tesla electric vehicles can use some of Tesla Superchargers in nearly 20 countries, including 15 in Europe. In the US, the progress is very slow.
Lire la suite »