The math behind the rice export ban

As on 9 September, aggregate sowing was nearly 5% less than the same time last year. Photo: Mint

Last week, the Indian government imposed several restrictions on rice exports. It banned the export of 100% broken rice, which is predominantly used as cattle feed, and imposed a 20% export duty on several other grades of rice. This was seemingly in response to both a rise in domestic prices and decreased sowing in several key rice-producing states because of a sluggish monsoon.

Date: 15-Sep-2022