India, world’s biggest exporter of rice & onions and 2nd biggest sugar exporter, imposed curbs on exports of these commodities in 2023 to keep local prices in check.
Modi govt needs to own its globally disruptive policies taken in India's interest. The suddenness of export bans hurt India's friends and go against its vishwa guru ambitions.
Last month, the govt surprised buyers by imposing a ban on the export of widely consumed non-basmati white rice, following a ban on broken rice exports last year.
According to an official, Thailand—world's second-largest rice exporter after India—is expected to export over 8 million metric tons of rice this year, up from 7.71 million last year.
On 8 Sept, India banned exports of broken rice & imposed a 20% duty on exports of various grades as it sought to boost domestic supply & calm local prices.
Ministry assures estimated 10-12 million tonnes loss in production won't lead to shortage in the country. Supply of parboiled rice to continue for dependent, vulnerable countries.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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