India Is Pushing the World Toward Another Rice Crisis

10/30/2023 12:00
India Is Pushing the World Toward Another Rice Crisis

With duties, export bans, and other restrictions, New Delhi is harming the same developing nations it claims to want to lead.

This has been a bad year for food prices in the world’s poorest countries. Whether their citizens eat wheat or rice, three calamities have caused grain supplies to dry up: Russia’s invasion of Ukraine and its decision to abandon the Black Sea grain initiative; the El Niño weather phenomenon, which has traditionally caused poor harvests across the world; and Indian domestic politics.

Spooked by volatile foodgrain prices ahead of a general election next year, India’s government has banned or taxed exports of most kinds of rice and wheat. While India is a large producer of wheat, it really dominates the rice market: Its exports represent about 40% of the global rice trade.

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