The chair of the USA Rice Federation’s International Trade Policy Committee says India’s decision to ban exports of long grain, non-basmati rice is bad policy that puts food security in vulnerable countries in jeopardy.
Bobby Hanks says India accounts for 40% of the global rice market. “There are not many other options for buyers to go because India has, for the most part, dominated the global export trade,” he says.
Hanks says the ban has forced buyers to turn to Thailand and Vietnam and as a result, rice prices have jumped.
