{"id":253077,"date":"2023-07-22T21:19:09","date_gmt":"2023-07-22T15:49:09","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=253077"},"modified":"2023-08-31T11:03:36","modified_gmt":"2023-08-31T05:33:36","slug":"express-view-on-curbs-on-rice-exports-against-the-grain","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/express-view-on-curbs-on-rice-exports-against-the-grain\/","title":{"rendered":"Express View on curbs on rice exports: Against the grain"},"content":{"rendered":"\n

Source<\/strong>– The post is based on the article \u201cExpress View on curbs on rice exports: Against the grain\u201d <\/strong>published in \u201cThe Indian Express\u201d <\/strong>on 22nd July 2023<\/strong>.<\/p>\n

Syllabus: <\/strong>GS2- Economy<\/p>\n

Relevance:<\/strong> Government policies and approach towards trade.<\/p>\n

News- <\/strong>The Narendra Modi government has decided to ban all non-basmati white rice shipments. Henceforth, only two categories of rice will be allowed for export.<\/p>\n

What can be the implication of this move by the government?<\/strong><\/h2>\n

The world\u2019s total rice exports<\/strong> was 55.6 mt in 2023-23. India\u2019s share was more than 40%.<\/strong><\/p>\n

India has an important role in the global rice trade<\/strong>. It is similar to that of Indonesia and Malaysia in palm oil.<\/p>\n

Rice suppliers likeThailand, Vietnam, Pakistan, US and Myanmar cannot fill the vacuum left by India. It will lead to an increase in world prices.<\/strong><\/p>\n

What can be the possible reasons for the government ‘s move to ban rice exports?<\/strong><\/h2>\n

There are concerns related to domestic supply<\/strong>. Current rice crops may be impacted due to the below-average monsoon rainfal<\/strong>l in significant rice-growing states.<\/p>\n

Although certain states such as Telangana, Andhra Pradesh, Odisha, and Chhattisgarh have received adequate rainfall in the past week, the impact of delayed plantings<\/strong> on yields is yet to be observed.<\/p>\n

Another factor contributing to uncertainty is the El Ni\u00f1o phenomenon<\/strong>. It can affect the monsoon’s performance<\/strong> in the second half of the season. This could have repercussions on the growth of kharif rice and the upcoming rabi wheat crop.<\/p>\n

What are two crucial aspects related to this move that should be considered by the government?<\/strong><\/h2>\n

Firstly, there is the issue of credibility<\/strong>. If India’s Agriculture Ministry has reported record-high production of wheat and rice<\/strong> in 2022-23, then there is no need to ban the exports of these cereals. This raises doubts about the reliability of the official output estimates<\/strong>.<\/p>\n

Secondly, the government should be mindful of its reputation as a dependable global supplier. <\/strong><\/p>\n

Establishing markets requires significant time and effort<\/strong>. It can easily be undermined by hasty decisions.<\/p>\n

If the goal is to curb domestic inflation by discouraging exports, a more appropriate approach<\/strong> would be to impose tariffs<\/strong> or set a minimum price<\/strong> below which shipments are not allowed. Implementing blanket export bans<\/strong> can cause more harm than good.<\/p>\n","protected":false},"excerpt":{"rendered":"

Source– The post is based on the article \u201cExpress View on curbs on rice exports: Against the grain\u201d published in \u201cThe Indian Express\u201d on 22nd July 2023. Syllabus: GS2- Economy Relevance: Government policies and approach towards trade. News- The Narendra Modi government has decided to ban all non-basmati white rice shipments. Henceforth, only two categories… Continue reading Express View on curbs on rice exports: Against the grain<\/span><\/a><\/p>\n","protected":false},"author":10320,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,9],"tags":[218,216,10500],"class_list":["post-253077","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-agriculture","tag-gs-paper-3","tag-indian-express","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":1700772441,"cached_date":1704920487},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/253077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10320"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=253077"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/253077\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=253077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=253077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=253077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}