This has been a bad year for food prices in the world’s poorest countries.

Whether their citizens eat wheat or rice, three calamities have caused grain supplies to dry up: Russia’s invasion of Ukraine and its decision to abandon the Black Sea grain initiative; the El Nino weather phenomenon, which has traditionally caused poor harvests across the world; and Indian domestic politics.

Spooked by volatile foodgrain prices ahead of a general election next year, India’s government has banned or taxed exports of most kinds of rice and wheat. While India is a large producer of wheat, it really dominates the rice market: Its exports represent about 40% of the global rice trade.

QOSHE - India pushes the world toward another rice crisis - Mihir Sharma
menu_open
Columnists Actual . Favourites . Archive
We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

India pushes the world toward another rice crisis

14 1
14.11.2023

This has been a bad year for food prices in the world’s poorest countries.

Whether their citizens eat wheat or rice, three calamities have caused grain supplies to........

© The Japan Times

Get it on Google Play