India is the largest rice exporter in the world, accounting for 40% of the global rice trade. The majority of Kharif crops are planted in the monsoon season (June and July) and harvested in the months of October and November. Given that India exports rice to more than 150 nations, any decrease in its exports would put additional upward pressure on food prices, which are already on the rise as a result of the drought, extreme heat, and Russia’s invasion of Ukraine. This year, the Indian government has restricted the export sales of three major agricultural products, including rice.
