Business Standard

Sunday, December 22, 2024 | 11:27 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

An avoidable ban

Restrictions on rice exports can be counterproductive

Rice
Premium

Photo: Bloomberg

Business Standard Editorial Comment Mumbai

Listen to This Article

The government’s decision to ban the export of all types of rice, barring Basmati and parboiled rice, seems to have been influenced by the political exigencies to protect domestic supplies and prices ahead of the impending Assembly polls in some key states and the Lok Sabha elections next year, but its repercussions have been felt globally. International rice prices, ruling at their highest level in 11 years, have begun to escalate further. In some cases, the prices of cargo in transit have also been hiked by $50-100 a tonne. India, of late, emerged as the world’s leading rice exporter, accounting

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in