{"id":6066,"date":"2023-07-31T09:49:13","date_gmt":"2023-07-31T09:49:13","guid":{"rendered":"https:\/\/ricenewstoday.com\/dev\/?p=6066"},"modified":"2023-07-31T09:49:14","modified_gmt":"2023-07-31T09:49:14","slug":"indias-rice-export-ban-poses-challenges-for-u-s-farmers","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/indias-rice-export-ban-poses-challenges-for-u-s-farmers\/","title":{"rendered":"India\u2019s rice export ban poses challenges for U.S. farmers"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"533\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/07\/image-61.png\" alt=\"\" class=\"wp-image-6067\" srcset=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/07\/image-61.png 800w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/07\/image-61-600x400.png 600w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/07\/image-61-300x200.png 300w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/07\/image-61-768x512.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<p>India recently placed a ban on long grain rice, excluding basmati and parboiled rice, in an effort to fight domestic food inflation.<\/p>\n\n\n\n<p>The latest ban on rice exports will likely help U.S. rice exporters in the short term by driving up global prices, according to USA Rice Federation Vice President of Policy and Government Affairs Peter Bachman.<\/p>\n\n\n\n<p>But the long-term impact will cause challenges and lower prices for U.S. rice farmers when India later sells its stocks of rice on the international market.<\/p>\n\n\n\n<p>\u201cThis is just another example of India playing games with global food security, citing concerns over domestic supplies despite tens of millions of metric tons in government stocks in addition to what\u2019s stored privately,\u201d Bobby Hanks, chair of the\u00a0USA Rice Federation\u2019s International Trade Policy Committee, said. \u201cWith this action, India can quickly build more stocks that they\u2019ll eventually dump back on the world market at dirt cheap prices and continue this cycle again.\u201d<\/p>\n\n\n\n<p>India is the world\u2019s leading rice exporter, accounting for 40% of the global rice trade.<\/p>\n\n\n\n<p>Bachmann expects major rice exporters like Vietnam to shift their exports to affected importers like Africa. This would allow U.S. exports to regain market share temporarily.<\/p>\n\n\n\n<p>\u201cWe see this as a short-term positive for U.S. exports, a negative for global food security, and then a long-term problem for the horrible cycle of India building stocks way up and then dumping on the world market the same way China\u2019s done with cotton in the past,\u201d Bachmann said.<\/p>\n\n\n\n<p>India\u2019s ban also will force other rice-exporting countries to try to make up for the roughly 20 million tons India exports annually.<\/p>\n\n\n\n<p>Bachmann noted U.S. rice farmers wouldn\u2019t have an issue with India\u2019s ban if the county would hold on to its stockpiled rice.<\/p>\n\n\n\n<p>\u201cIf they\u2019re stockholding to keep it there for people to eat and it\u2019s a closed system\u2026that\u2019s fine,\u201d Bachmann said. \u201cSubsidize all you want, but don\u2019t dump it.\u201d<\/p>\n\n\n\n<p>India\u2019s rice ban will add large quantities of cheap grain to the international market and ultimately push down prices American farmers get for their crop.<\/p>\n\n\n\n<p>Earlier this month, India removed retaliatory tariffs on selected U.S. agricultural products, including apples, walnuts, almonds, chickpeas and lentils.<\/p>\n\n\n\n<p>India is America\u2019s thirteenth largest trading partner, exporting roughly $2.4 billion a year of agricultural products.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India recently placed a ban on long grain rice, excluding basmati and parboiled rice, in an effort to fight domestic food inflation. The latest ban on rice exports will likely help U.S. rice exporters in the short term by driving up global prices, according to USA Rice Federation Vice President of Policy and Government Affairs [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6067,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176,29],"tags":[167,160],"class_list":["post-6066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-farmers-place","tag-indian-rice","tag-rice-export"],"acf":{"enable_premium_overlay":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>India\u2019s rice export ban poses challenges for U.S. farmers - Rice News Today<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India\u2019s rice export ban poses challenges for U.S. farmers - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"India recently placed a ban on long grain rice, excluding basmati and parboiled rice, in an effort to fight domestic food inflation. 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