![]() ![]() “This sharp increase in exports can be ascribed to high international prices due to geo-political scenario, El Nino sentiments and extreme climatic conditions in other rice producing countries, etc.” the ministry said. India is the world’s largest exporter of rice, accounting for 40 of the world’s rice shipments and the country exported a record 22.2 million tons in 2022. However, the effort to disincentivize exports did not pan out, as the volume of exports for this variety of rice was 25% in the seven-month period after the implementation of the duty compared to the same period a year earlier. This is a list of countries by total imports, based on the International Trade Centre except for the European Union. India’s Food ministry said it had imposed an export duty of 20% on non-basmati white rice in September last year to lower prices and improve availability domestically. ![]() They’re significantly ahead of 3 and 4 countries Indonesia and Bangladesh, which produced around 54.6 million tonnes each. Russia blamed the West for its decision, saying sanctions have impeded its ability to export its own grain and fertilizer supplies-which Moscow says are also important for global food supply. At the top of the charts are China (1) and India (2), which produced 389 million tonnes combined, accounting for more than half of global production. The move is expected to have a detrimental impact on global food security, as Ukraine is a key global supplier of wheat, corn and sunflower oil. India is also the world’s leading exporter of Basmati rice, with 4.4 million tons exported. India’s export ban comes days after Russia’s terminated a key deal that allowed the safe passage of Ukrainian food grains through the Black Sea amid the ongoing war between the two countries. As of 2020-21, India had the highest export volume of rice worldwide, at 15.5 million metric tons. ![]()
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