May 21, 2025 | 09:30 GMT +7
May 21, 2025 | 09:30 GMT +7
Hotline: 0913.378.918
The world's second-largest producer of wheat, rice and sugar, India has restricted exports of these commodities to rein in rising domestic prices.
New Delhi may consider an alternate route along Africa for shipments of basmati rice if attacks by Yemen's Houthi group persist, which could lift prices by about 15% to 20%, the source added.
The alternate route may also affect India's exports of the long-grain rice to Egypt and Europe, said the source, who spoke on condition of anonymity, as he was not authorised to speak on the matter.
However, India expects growth in exports of other farm commodities to offset the export deficit this year, said Rajesh Agarwal, an additional secretary in the trade ministry.
"If we remove agricultural commodities whose exports are controlled, like wheat and rice, exports are growing by over 4%," Agarwal told reporters.
"So, despite the shortfall of about $4 billion to $5 billion that we face because of restrictions on sugar, wheat, rice, we should be able to meet last year's export levels," he said.
Data from state-run trade body APEDA showed that exports of meat and dairy, cereal preparations, and fruits and vegetables rose between April and November this year.
(Reuters)
(VAN) Attempts to bring down the price of the Japanese staple have had little effect amid a cost-of-living crisis.
(VAN) Fourth most important food crop in peril as Latin America and Caribbean suffer from slow-onset climate disaster.
(VAN) Shifting market dynamics and the noise around new legislation has propelled Trouw Nutrition’s research around early life nutrition in poultry. Today, it continues to be a key area of research.
(VAN) India is concerned about its food security and the livelihoods of its farmers if more US food imports are allowed.
(VAN) FAO's Director-General emphasises the need to work together to transform agrifood systems.
(VAN) Europe is facing its worst outbreak of foot-and-mouth since the start of the century.
(VAN) The central authorities, in early April, released a 10-year plan for rural vitalization.