India's recent rice ban sent people into a panic. Here's what's going on now | CNN Business

📆 8/3/2023 3:52 PM
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Last month, the Indian government announced an abrupt ban on exporting non-Basmati white rice. The move reportedly sent some US shoppers into panic-buying mode. But US rice producers want consumers to know: We’ve got plenty of rice.

But US rice producers want consumers to know: We’ve got plenty of rice. “There’s enough U.S. rice to go around,” USA Rice Federation, which advocates for members of the US rice industry globally, said in a statement on Monday. “This is not toilet paper in the Spring of 2020.” Much of the rice consumed in the United States is produced domestically, and the US has had a pretty good yield this year, USA Rice noted.

” But even then, there could be ramifications in the global market. Unless supplies start to deplete, when the ban is lifted “the world will be flooded with Indian rice. And the market is going to respond accordingly,” said Ehmke. “There’s always going to be that emotional over-correction.” The United States, on the other hand, is in a pretty good spot when it comes to rice.

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