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Synopsis
Besides the uncertainty on monsoons and the El Nino threat this year, it is pesticide issues and payment hassles with Iran that is acting up for India’s rice trade. Can this amount to more serious repercussions for India in the future?
India is the largest exporter of rice and its numbers have been on an upward trajectory. But the country’s status is set to face some challenges as the odds are likely to get stacked against it.Rice exports have so far weathered most challenges. The numbers have risen despite curbs on broken rice and a 20% export tax on non-basmati varieties last year. India’s rice exports, according to a Reuters report, rose 3.5% in 2022 from a year ago to
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