India Lifts Rice Export Restrictions, Influencing Global Market Prices





Image Courtesty - https://www.business-standard.com/

In a move set to reshape global trade dynamics, the Indian government has announced the removal of all remaining restrictions on rice exports, a decision that is already impacting global rice prices.

The restrictions, initially imposed in 2023 to stabilize domestic food security, had led to record-high rice prices worldwide. India, the world’s largest rice exporter, supplies nearly 40% of the global rice market, making its trade policies highly influential.

The lifting of these restrictions is expected to increase supply in international markets, leading to a 20% drop in rice prices across key importing nations such as Bangladesh, Nigeria, and the Philippines. While this move benefits import-dependent nations, it also introduces new challenges for competing rice exporters, such as Pakistan, Thailand, and Vietnam, which have seen their market shares eroded.

At the domestic level, Indian farmers and exporters have welcomed the decision, as it revives trade opportunities and ensures fair prices for agricultural produce. Additionally, the government aims to double its agricultural exports by 2030, positioning India as a dominant player in the global food trade.

Comments

Post a Comment

Popular posts from this blog

Anna did what he had to do; what you will do to continue?

Image
Finally, Epic hungerstrike of Anna Hazaree has come to an end, raising hopes in the hearts of masses and leaving veteran bloodsucking politicians pucker- liped, with UPA government bowing to all his major demans over Lokpal Bill. However, developments, erupting in the recent days followed by end of his hunderstike, seems to be conspiring to blow up his firm embankment against corrupt politicians or leaving it a bit porous.  Initially, when Anna Hazaree's hungerstrike started shaking up the slumbering Masses in India and thereafter when the moment started turning into a mass protests around the country, all the political parties seemed to have hibernate somewhere and once the strike came to an end, that hibernation ended and different political parties came with with different views over Hazaree's strike. Ironically, it's astonishing rather shameful that not a single political party, be it of national level or state level, has come out openly unconditionaly to support Haza...
Read more
Image
Himachal Pradesh has emerged as the second most drug-affected state in India after Punjab, with alarming statistics revealing that nearly 9% of schoolchildren in the state use injectable drugs, Shimla MP Suresh Kashyap informed the Lok Sabha on Wednesday. Speaking during a parliamentary session, Kashyap highlighted the growing drug menace in Himachal Pradesh, particularly among the youth. He urged the central government to take urgent steps to curb the spread of narcotics in the hill state, which has become a transit hub for drug smuggling. Alarming Drug Abuse Among Youth The revelation that 9% of school-going children are using injectable drugs has sparked serious concerns among policymakers and parents. According to Kashyap, drug abuse is rampant in districts like Kangra, Kullu, Mandi, and Shimla, where authorities have reported a sharp rise in narcotics-related cases. “Himachal Pradesh is facing a severe drug crisis, second only to Punjab. What is even more disturbing is that ...
Read more

Invest in Yourself: The Best Investment You Can Make

 If you’re looking for the smartest investment with guaranteed returns, forget about stocks, real estate, or crypto—because the best investment you can ever make is in yourself. Unlike material possessions that fade over time, the skills you learn, the habits you build, and the mindset you develop will stay with you forever. Think about it: every successful person, from entrepreneurs to top athletes, has one thing in common—they prioritize self-growth. They understand that before you can build wealth, achieve goals, or inspire others, you need to become the best version of yourself. Why Investing in Yourself Pays Off 1. You Become More Valuable In today’s fast-changing world, knowledge and skills are your biggest assets. Whether you’re upgrading your expertise, learning new technologies, or developing soft skills like communication and leadership, every step you take makes you more valuable in your career and personal life. 2. Health is the Foundation of Success You can have ...
Read more