Rice

An export ban of non-basmati white rice to developing countries by India has raised concerns among stakeholders of possible rice import cuts to the country. Last July, India – the world’s largest exporter of rice – banned the export of white rice in an effort to keep domestic prices in check. India’s Food and Consumer Affairs Ministry explained that the decision was taken to ensure adequate availability in the country, and to allay rice price hikes in that country. The price of white rice rose 11.5 percent over the past year and is still rising. India accounts for 40 percent…

Rice prices in Ghana are anticipated to experience a significant surge following the recent decision by the world’s largest rice exporter, India, to impose a ban on rice exports. This action, taken by the Indian government to address domestic inflation concerns, has raised concerns regarding potential global food price hikes. India, accounting for over 40% of worldwide rice shipments, holds the position of the leading rice exporter. As a result of India’s embargo, rice prices from various Asian nations have already witnessed an upward trend in global markets, with traders projecting substantial further increases in the near future. In 2022,…