India considering need to cut broken rice exports by 100%, sources say

India, the world’s largest rice exporter, is considering whether to restrict exports of 100% broken rice primarily used for animal feed, government and industry officials have said. . Reuters Friday.

India’s export restrictions could push up rice prices around the world, with the South Asian country accounting for more than 40% of global rice shipments.

“We discussed the need for some kind of 100% broken rice export restriction,” said a senior government official involved in the decision-making.

Global rice exports

India is more than comfortable in terms of private and government rice stocks, so there is no point in considering restricting overall rice exports, the official said, adding that “discussions are limited to broken rice which is mainly used as a fodder variety”. .”

India typically exports 5% and 25% broken rice, but in recent months demand for 100% broken rice has risen sharply, particularly due to drought in China, exporters said .

“The local cattle feed industry has demanded to restrict broken exports to 100% so they can have more supplies,” said an exporter based in Kakinada in Andhra Pradesh.

India banned wheat exports on May 14, just days after New Delhi forecast record shipments of 10 million tonnes this year as a heatwave hit production and pushed up domestic prices at record levels.

Read more: Sri Lanka faces looming food crisis with stunted rice harvest

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