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.
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