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India’s Rice Export Ban Could Drive Global Food Prices Even Higher—Here’s What You Need To Know
India accounted for 40% of the world’s total rice shipments in 2022 and it is a key supplier of the grain to several countries in Africa and South Asia.
www.forbes.com
India is the world’s largest exporter of rice, accounting for 40% of the world’s rice shipments and the country exported a record 22.2 million tons in 2022.
The most severe impact of this ban is likely to be felt by India’s neighbors Bangladesh and Nepal, along with several African nations including Benin, Angola, Cameroon, Djibouti, Guinea, Ivory Coast, Kenya—who are the major buyers of non-basmati rice according to Reuters
India's rice shipments reached a record 22.2 million tons in 2022, more than the combined shipments of the world's next four biggest exporters of the grain - Thailand, Vietnam, Pakistan and the United States.
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