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Reuters
Reuters
Business
Rajendra Jadhav and Mayank Bhardwaj

Why India holds the key to global rice market outlook

FILE PHOTO: A worker spreads rice for drying at a rice mill on the outskirts of Kolkata, India, January 31, 2019. REUTERS/Rupak De Chowdhuri

India's surprise decision to ban wheat exports has raised concerns about potential curbs on rice exports as well, prompting rice traders to step up purchases and place atypical orders for longer-dated deliveries.

Government and trade officials have said India, the world's biggest exporter of rice, does not plan to curb shipments for now, as local prices remain low and state warehouses hold ample supplies.

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