{"id":6232,"date":"2023-08-01T08:48:48","date_gmt":"2023-08-01T08:48:48","guid":{"rendered":"https:\/\/ricenewstoday.com\/dev\/?p=6232"},"modified":"2023-08-03T08:50:01","modified_gmt":"2023-08-03T08:50:01","slug":"india-is-playing-games-with-world-rice-supply-says-u-s-industry","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/india-is-playing-games-with-world-rice-supply-says-u-s-industry\/","title":{"rendered":"India is playing games with world rice supply, says U.S. industry"},"content":{"rendered":"\n

There is plenty of rice available for Americans, said the U.S. rice industry on Monday in sharply criticizing India, the world\u2019s largest exporter, for cutting off three-quarters of its overseas shipments.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

There is plenty of rice available for Americans, said the U.S. rice industry on Monday in sharply criticizing India, the world\u2019s largest exporter, for cutting off three-quarters of its overseas shipments. \u201cThis is another example of India playing games with global food security,\u201d said Bobby Hanks, a Louisiana rice miller and a USA Rice Federation official.<\/p>\n\n\n\n

India\u2019s restrictions on exports, announced two weeks ago, were viewed \u201cas a cynical ploy to strengthen their domestic market\u201d while jeopardizing food supplies in countries that rely on Indian rice imports, said the\u00a0USA Rice Federation, a trade group. The\u00a0IFPRI think tank\u00a0says 42 nations, mostly in Africa and Asia, get more than half of their rice imports from India, \u201ca significant share not easily substituted with imports from other large exporting countries.\u201d<\/p>\n\n\n\n

The United States is a relatively small producer, forecast to grow 6.4 million tonnes or 1% of the world crop this year, but it usually ranks fourth or fifth among rice exporting nations, with international sales forecast by USDA at 2.5 million tonnes. By contrast, China is the world\u2019s largest rice grower, with harvests of 145-150 million tonnes. India is the No. 2 grower but is responsible for 40% of rice on the world market.<\/p>\n\n\n\n

Indian officials said the restrictions on exports of non-basmati rice were intended to calm high domestic rice prices, up by 11% in the past year. However, the announcement prompted incidents of\u00a0panic buying\u00a0with some shoppers worried their favorite variety of rice would be unavailable and others fearing that rice would not be available at all.<\/p>\n\n\n\n

\u201cIf we need more rice for U.S. consumers, we have plenty to meet demand,\u201d said Kirk Satterfield, the Mississippi rice grower who chairs USA Rice. The United States grows all the varieties of rice under restriction by India \u2014 and more, he said. \u201cConsumers can buy long-, medium-, or short grain, basmati, jasmine, whatever they want, and it\u2019s from right here in the United States.\u201d<\/p>\n\n\n\n

When stockpiles become too large because of the export controls, India \u201cwill eventually start dumping (rice) back on the world market at dirt-cheap prices, again wreaking havoc on global markets and good-insecure nations,\u201d said Hanks.<\/p>\n\n\n\n

Global rice prices were 15-20% higher than in September 2022 when India announced its export restrictions on July 20, said IFRI. \u201cThe new trade restriction threatens already vulnerable global rice markets.\u201d The El Ni\u00f1o weather pattern could also reduce rainfall in Asia and constrain rice output, said IFPRI analysts in a blog. \u201cIndia has often imposed export control measures during periods of high global prices,\u201d with the 2007-08 and 2010-11 food price crises as examples.<\/p>\n\n\n\n

The impact of the newest restrictions was uncertain, said the IFPRI blog. In 2022, India announced export controls on wheat but honored existing contracts and allowed humanitarian sales. If India allows sales of non-basmati rice to continue to neighbors, or if the ban is lifted in the near term, the impact could be limited. \u201cBut a \u201chard\u201d ban could have large implications for countries currently dependent on imports from India.\u201d<\/p>\n\n\n\n

U.S. rice production was forecast at\u00a0201 million hundredweight\u00a0this year, up 25% from 2022 due to a recovery from drought in California and larger plantings in the South. The United States exports twice as much rice as it imports.<\/p>\n\n\n\n

Most of the world\u2019s rice is consumed where it is grown. About 11% is exported.<\/p>\n","protected":false},"excerpt":{"rendered":"

There is plenty of rice available for Americans, said the U.S. rice industry on Monday in sharply criticizing India, the world\u2019s largest exporter, for cutting off three-quarters of its overseas shipments. 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