India Lifts Export Ban on Broken Rice: Implications for The Gambia

Indian Rice

Gambiaj.com – (New Delhi, India) – The Indian government has lifted its export ban on broken rice, a restriction initially imposed in September 2022 to stabilize domestic supplies amid global disruptions caused by the Russia-Ukraine conflict. The Directorate General of Foreign Trade announced, “Export policy of broken rice has been amended from prohibited to free with immediate effect.”

This policy shift comes in response to burgeoning rice inventories, with state reserves reaching a record 67.6 million metric tons as of February 1, significantly surpassing the government’s target of 7.6 million tons.

The ample stockpiles have prompted industry bodies to advocate for the resumption of exports to manage the surplus and support global food security.

Impact on The Gambia

The Gambia, heavily reliant on rice imports for domestic consumption, stands to benefit considerably from India’s decision. During the export ban, India made exceptions for certain nations, including The Gambia, allowing shipments on a request basis to address food security needs. In 2023-24, India exported broken rice worth $194.58 million to countries like The Gambia, Benin, Senegal, and Indonesia.

With the ban now lifted, The Gambia can anticipate more stable and potentially increased imports of broken rice from India. This development is expected to stabilize rice prices and ensure a steady supply, bolstering food security in the country. Moreover, the availability of affordable broken rice will support local markets and consumers who depend on this staple.

India’s decision to lift the export ban reflects its robust rice production and inventory levels, positioning it to meet both domestic and international demands effectively. For The Gambia, this policy change signifies a reliable and potentially expanded source of rice imports, contributing positively to the nation’s food security and economic stability.

 

Shared with

Discover more from The Gambia Journal

Subscribe to get the latest posts sent to your email.

Leave a Reply

Facebook
Twitter
LinkedIn
WhatsApp
Email
Telegram
Pinterest
Reddit
Print
Tumblr
Translate »