India Seen Keeping Rice Export Bans Into 2024, Holding Up Global Prices

The US rice industry, for its part, said India’s export ban was unnecessary. “India has more than sufficient stocks right now,” said Peter Bachmann, president and CEO of USA Rice. “While our exporters (and other major exporters in Asia) are benefiting in the short term, when India lifts the export ban in the coming months, they will once again significantly distort world prices.”

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