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rice rice export wheat
To control prices in the domestic market, India banned wheat and sugar exports in May amid a hot summer and global supply shortage.
As the world's largest rice exporter, India accounts for 40% of the international rice trad.
An export record of 25 million tonnes was set in 2021. More than 100 countries, including the West Asian countries bordering Nepal and Bangladesh, import Indian ric.
China has also recently joined, and almost immediately became India's largest importer of ric.
An export record of 25 million tonnes was set in 2021. More than 100 countries, including the West Asian countries bordering Nepal and Bangladesh, import Indian ric.
China has also recently joined, and almost immediately became India's largest importer of ric.
In 2021-2022, the global rice consumption is about 5128 million ton.
Therefore, a reduction in rice production in India could trigger a global crisis and send prices soarin.
Therefore, a reduction in rice production in India could trigger a global crisis and send prices soarin.
Although wheat and corn prices have risen sharply with the war in Ukraine, ample production and stocks have so far cushioned rice price.
This year, however, the erratic climate of India's monsoon may threaten that stabilit.
This year, however, the erratic climate of India's monsoon may threaten that stabilit.
Depends on Indian monsoon climate
Depends on Indian monsoon climateIndia produces an average of 1144 million tonnes of rice per yea.
Its most important rice growing regions are West Bengal, Uttar Pradesh, Bihar, Jharkhand, Telangana, Chhattisgarh and Odisha, which account for more than 85% of its annual productio.
Its most important rice growing regions are West Bengal, Uttar Pradesh, Bihar, Jharkhand, Telangana, Chhattisgarh and Odisha, which account for more than 85% of its annual productio.
Rice is a water-intensive crop, usually like India, which relies heavily on the monsoon climat.
So far, the total rainfall in this monsoon in India is about 17% of the average annual rainfall, which is good from the data, and even increased by 9% compared with the same period last yea.
However, precipitation is uneven across the countr.
Some states received little or no rai.
For example, of the 85 dry regions, Uttar Pradesh alone has 42.
So far, the total rainfall in this monsoon in India is about 17% of the average annual rainfall, which is good from the data, and even increased by 9% compared with the same period last yea.
However, precipitation is uneven across the countr.
Some states received little or no rai.
For example, of the 85 dry regions, Uttar Pradesh alone has 42.
As a result, rice production is set to decline in states such as Uttar Pradesh and West Benga.
To make matters worse, the Indian Meteorological Department has forecast that many parts of India will also experience below-normal rainfall in August and Septembe.
To make matters worse, the Indian Meteorological Department has forecast that many parts of India will also experience below-normal rainfall in August and Septembe.
"Rarely are seeds planted after mid-July, so hopes of economic recovery are unlikely to materialize," Himanshu, a professor at Nehru University in India, told Bloomber.
All in all, India's total rice area is estimated to have dropped by 13% so far this year due to insufficient rainfal.
Falling crop yields could lead to the risk of inflation, Himansh sai.
India tackles food price inflation
India tackles food price inflationFood prices in India have been high this year, rising 75% year-on-year in Jun.
The figure is expected to hit 9% in the second half of 2022 due to higher feed costs and a small increase in the government's minimum supportive price for farmers, according to a report by Nomur.
Prices of some rice in West Bengal, Odisha and Chhattisgarh have risen by more than 10% in the past two weeks due to lack of rain and increased demand in Banglades.
Export prices are expected to rise to $400 a tonne by September from the current $365 a tonne, said Mukesh Jain, director of Raipur rice shipping company Sponge Enterprise.
