{"id":7301,"date":"2023-08-28T10:52:35","date_gmt":"2023-08-28T10:52:35","guid":{"rendered":"https:\/\/ricenewstoday.com\/dev\/?p=7301"},"modified":"2023-08-28T10:52:36","modified_gmt":"2023-08-28T10:52:36","slug":"wild-weather-and-export-bans-have-global-rice-trades-at-boiling-point","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/wild-weather-and-export-bans-have-global-rice-trades-at-boiling-point\/","title":{"rendered":"Wild weather and export bans have global rice trades at boiling point"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"780\" height=\"470\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-172.png\" alt=\"\" class=\"wp-image-7302\" srcset=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-172.png 780w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-172-600x362.png 600w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-172-300x181.png 300w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-172-768x463.png 768w\" sizes=\"(max-width: 780px) 100vw, 780px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The global rice trades are in severe flux with floods wiping out crops in northern China and top exporters instituting de facto export bans.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">India, the world\u2019s top rice exporter, has put out export bans and export taxes on all varieties of rice, citing food security concerns, while neighbour Myanmar, the world\u2019s seventh-largest rice exporter according to Global Trade Tracker, has just introduced a 45-day halt on exports to rein in soaring food prices. Meanwhile, wary of the extreme weather conditions brought on by this year\u2019s El Ni\u00f1o weather phenomenon, the government in Thailand, the world\u2019s second-largest rice exporter, has recently urged farmers to plant less acreage this year. Globally, rice prices have hit 12-year highs in recent days.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">All of this has been compounded by unprecedented, devastating floods in China\u2019s rice basket, Heilongjiang province in the far northeast of the country, which have wiped out 40% of the area\u2019s crop this month. China consumes more rice than any other nation, more than India and Bangladesh combined, who are second and third in global rice consumption rankings compiled by Statista.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cI\u2019m not sure where alternative supplies can come from,\u201d commented Ralph Leszczynski, global head of research at shipbroker Banchero Costa.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cIndia is more likely to keep restrictions in place like a valve to manage export movements,\u201d commented V Subramaniam, co-founder of\u00a0<a href=\"http:\/\/ssricenews.com\/\">S<\/a>SRiceNews.com, one of the world\u2019s most authoritative sources of rice information.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cI see markets adjusting \u2013 albeit dramatically \u2013 from a covid-related supply injection to some kind of normalisation of global markets, as more countries deal with food inflation on the back of the war in Ukraine, and now El Nino-led supply worries, and protective actions for consumers at food export origins,\u201d Subramaniam said in conversation with&nbsp;<em>Splash<\/em>&nbsp;today.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Just over 50m tons of rice are shipped by sea globally each year, according to data from SSRiceNews.com.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/splash247.com\/wp-content\/uploads\/2023\/08\/IndiaFood.jpg\"><img decoding=\"async\" src=\"https:\/\/splash247.com\/wp-content\/uploads\/2023\/08\/IndiaFood-1024x653.jpg\" alt=\"\" class=\"wp-image-192198\"\/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The global rice trades are in severe flux with floods wiping out crops in northern China and top exporters instituting de facto export bans.&nbsp; India, the world\u2019s top rice exporter, has put out export bans and export taxes on all varieties of rice, citing food security concerns, while neighbour Myanmar, the world\u2019s seventh-largest rice exporter [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7302,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[192,160,159],"class_list":["post-7301","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-climate-change","tag-rice-export","tag-global-rice-news"],"acf":{"enable_premium_overlay":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - 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