Govt mulls lifting rice export curbs as supply improves, prices stabilise

India imposed a 20% duty on shipments of white and brown rice in September and banned broken rice sales abroad

India, the world’s biggest rice exporter, is likely to lift restrictions on grain shipments in a move that would mark a further easing of a global wave of food protectionism after Russia’s invasion of Ukraine.
 

Authorities are actively considering removing curbs on some rice exports as domestic prices are stable, according to a person familiar with the matter. Government stockpiles are adequate to meet the needs of welfare programs, said the person, who asked not to be identified as the information is private.

India accounts for about 40% of global rice trade. Any relaxation of the export curbs will likely