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2023-09-15 22:43:14
India, China, Bangladesh, Indonesia, Vietnam and Thailand are the major rice producers in the world. As of July 20, 2023, India has decided not to export non-basmati white rice. Following this decision, the price of rice increased internationally and reduced global supply by around a fifth. Vietnam, for its part, increased the price of rice following strong demand and Pakistan’s introduction of a minimum export price. All these reasons are creating disruptions in the global market, also in West Africa, the main rice market on the continent, with 60% of the total consumed. The current situation in the rice sector fuels the Financial Afrik Great Debate on September 15, 2023.
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#rice #shortage #Africa
