India experiencing shortage of rainfall which will effect its rice export to 150 countries

Revelation 16:9 “They were scorched by the fierce heat, and they cursed the name of God who had power over these plagues. They did not repent and give him glory.”

Important Takeaways:

  • World’s largest rice exporter India restricts shipments after below-average monsoon rainfall
  • India banned exports of broken rice and imposed a 20% duty on exports of various grades of rice on Thursday as the world’s biggest exporter of the grain tries to augment supplies and calm local prices after below-average monsoon rainfall curtailed planting.
  • India exports rice to more than 150 countries, and any reduction in its shipments would increase upward pressure on food prices, which are already rising because of drought, heat-waves and Russia’s invasion of Ukraine.
  • India accounts for more than 40% of global rice shipments and competes with Thailand, Vietnam, Pakistan and Myanmar in the world market.

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