Rice Export Restrictions

India received the lowest August rains since at least 1901, raising concerns about weaker crop output and the potential for more export restrictions following the nation's curbs on rice.

The government has decided not to allow exports of basmati rice below USD 1,200 per tonne to restrict possible "illegal" shipment of white non-basmati rice in the garb of premium basmati rice.

The International Monetary Fund has said it would "encourage" India to remove restrictions on export of a certain category of rice, which, it said, would have an impact on global inflation.

The government on Thursday prohibited export of non-basmati white rice, according to a notification of the directorate general of foreign trade (DGFT).

At least 20 ships are waiting to load around 600,000 tonnes of rice at Indian ports as New Delhi's surprise export restrictions have trapped cargoes for nearly a fortnight, forcing sellers to pay demurrage charges, industry officials told Reuters.

At least 20 ships are waiting to load around 600,000 tonnes of rice at ports as New Delhi's surprise export restrictions have trapped cargoes for nearly a fortnight, forcing sellers to pay demurragecharges, industry officials told Reuters.

The restrictions on rice exports have paralysed trading in Asia, with buyers scouring for alternative supplies from Vietnam, Thailand and Myanmar where seller are holding off on deals as prices rise, industry officials said.

India, the world's biggest rice exporter, has ample stocks of rice and there is no plan to restrict exports, Food Secretary Sudhanshu Pandey has said

Rice may be India's next food protectionism target after it restricted wheat and sugar exports, analysts say, a move that could have a devastating impact on global food security as it's an important staple.

Since export restrictions were eased three years ago, India has emerged as the world's top rice exporter and a key supplier of wheat to Southeast Asia and the Middle East.

India received the lowest August rains since at least 1901, raising concerns about weaker crop output and the potential for more export restrictions following the nation's curbs on rice.

The government has decided not to allow exports of basmati rice below USD 1,200 per tonne to restrict possible "illegal" shipment of white non-basmati rice in the garb of premium basmati rice.

The International Monetary Fund has said it would "encourage" India to remove restrictions on export of a certain category of rice, which, it said, would have an impact on global inflation.

The government on Thursday prohibited export of non-basmati white rice, according to a notification of the directorate general of foreign trade (DGFT).

At least 20 ships are waiting to load around 600,000 tonnes of rice at Indian ports as New Delhi's surprise export restrictions have trapped cargoes for nearly a fortnight, forcing sellers to pay demurrage charges, industry officials told Reuters.

At least 20 ships are waiting to load around 600,000 tonnes of rice at ports as New Delhi's surprise export restrictions have trapped cargoes for nearly a fortnight, forcing sellers to pay demurragecharges, industry officials told Reuters.

The restrictions on rice exports have paralysed trading in Asia, with buyers scouring for alternative supplies from Vietnam, Thailand and Myanmar where seller are holding off on deals as prices rise, industry officials said.

India, the world's biggest rice exporter, has ample stocks of rice and there is no plan to restrict exports, Food Secretary Sudhanshu Pandey has said

Rice may be India's next food protectionism target after it restricted wheat and sugar exports, analysts say, a move that could have a devastating impact on global food security as it's an important staple.

Since export restrictions were eased three years ago, India has emerged as the world's top rice exporter and a key supplier of wheat to Southeast Asia and the Middle East.