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India has also raised concerns about tariffs on rice exports

India has also raised concerns about tariffs on rice exports
India has also raised concerns about tariffs on rice exports

Pakistan, the world’s fourth largest rice producing country, has suffered major losses in agricultural production, including rice, due to recent severe floods.

On the other hand, a record heatwave in late August affected rice production in China, the world’s largest rice importer.

Reuters reported that Pakistan was expected to produce 8.7 million tons of rice this year, which could be about 10 percent lower because of the floods. The drought will also hit rice production in China, but the extent is not yet clear.

Reuters earlier quoted analysts as saying that if India increases supplies, it may be possible to offset losses from Pakistan and China, which could stabilize rice prices in Asian markets. But India’s decision to raise tariffs has come as a major blow to those hopes.

BV Krishna Rao, president of the All India Rice Exporters Association, said the tariff would also affect white and brown rice, which account for 60 percent of India’s total exports.

India accounts for more than 40 percent of the world’s total rice exports. They are competing with Thailand, Vietnam, Pakistan and Myanmar.

Due to low rainfall in India’s West Bengal, Bihar and Uttar Pradesh this season, the production of paddy is feared. The country has already banned wheat exports, limited sugar exports.

The article is in Bengali

Tags: India raised concerns tariffs rice exports

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