India moves toward halting rice exports leading to global..,
Jun 2, 2022 19:40:37 GMT -5
Post by OmegaMan on Jun 2, 2022 19:40:37 GMT -5
“Devastating impact” warning as India moves toward halting RICE exports, leading to global mass starvation
Thursday, June 02, 2022 by: Lance D Johnson
Tags: agriculture, famine, food collapse, food protectionism, food rationing, food security, food shortage, food supply, global trade, Globalism, hunger, India, Inflation, national interests, rice exports, rice supply, scarcity, starvation, wheat supply
This article may contain statements that reflect the opinion of the author
(Natural News) Economists are sounding the alarm after India put new restrictions on wheat and sugar exports. Radhika Piplani, an economist from Yes Bank Ltd. warns that rice may be next, as India begins to protect its local food supply.
“The government has already imposed restrictions on wheat exports; it’s a matter of time when restrictions on rice exports might be considered,” said Radhika Piplani.
If India’s rice exports are restricted, up to 40 percent of the world’s supply of rice would be at stake. This is according to the USDA Foreign Agricultural Service. Analysts warn that the move would have a “devastating impact” on global trade, leading to even greater price hikes and increasing starvation around the world.
India may block rice exports just to maintain food security across the Nation
An inter-ministerial committee that tracks prices of essential commodities discussed the rice reserves in India. They concluded it is not necessary to make export restrictions to protect the rice supply. Indeed, India already has a large inventory of rice, but that’s not the issue at hand. India may restrict its rice exports so the country can utilize its rice reserves to compensate for wheat losses and safeguard against inflation and food security concerns.
“Restricting exports of rice is a possibility,” said Poornima Varma, assistant professor at the Centre for Management in Agriculture at the Indian Institute of Management, Ahmedabad. “The government may feel there’s a need to substitute wheat with rice to curb domestic inflation and safeguard food security,” she said.
Continued at link
Thursday, June 02, 2022 by: Lance D Johnson
Tags: agriculture, famine, food collapse, food protectionism, food rationing, food security, food shortage, food supply, global trade, Globalism, hunger, India, Inflation, national interests, rice exports, rice supply, scarcity, starvation, wheat supply
This article may contain statements that reflect the opinion of the author
(Natural News) Economists are sounding the alarm after India put new restrictions on wheat and sugar exports. Radhika Piplani, an economist from Yes Bank Ltd. warns that rice may be next, as India begins to protect its local food supply.
“The government has already imposed restrictions on wheat exports; it’s a matter of time when restrictions on rice exports might be considered,” said Radhika Piplani.
If India’s rice exports are restricted, up to 40 percent of the world’s supply of rice would be at stake. This is according to the USDA Foreign Agricultural Service. Analysts warn that the move would have a “devastating impact” on global trade, leading to even greater price hikes and increasing starvation around the world.
India may block rice exports just to maintain food security across the Nation
An inter-ministerial committee that tracks prices of essential commodities discussed the rice reserves in India. They concluded it is not necessary to make export restrictions to protect the rice supply. Indeed, India already has a large inventory of rice, but that’s not the issue at hand. India may restrict its rice exports so the country can utilize its rice reserves to compensate for wheat losses and safeguard against inflation and food security concerns.
“Restricting exports of rice is a possibility,” said Poornima Varma, assistant professor at the Centre for Management in Agriculture at the Indian Institute of Management, Ahmedabad. “The government may feel there’s a need to substitute wheat with rice to curb domestic inflation and safeguard food security,” she said.
Continued at link