Global Statistics

All countries
704,753,890
Confirmed
Updated on June 22, 2024 5:59 pm
All countries
560,567,666
Recovered
Updated on June 22, 2024 5:59 pm
All countries
7,010,681
Deaths
Updated on June 22, 2024 5:59 pm

Global Statistics

All countries
704,753,890
Confirmed
Updated on June 22, 2024 5:59 pm
All countries
560,567,666
Recovered
Updated on June 22, 2024 5:59 pm
All countries
7,010,681
Deaths
Updated on June 22, 2024 5:59 pm
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Singapore in close contact with Indian authorities to seek exemption from non-basmati rice export ban

On Friday, the Singapore Food Agency (SFA) announced that it is actively collaborating with Indian authorities in an effort to secure an exemption from India’s ban on the export of non-basmati rice. The ban, imposed by the Indian government on July 20, aims to bolster domestic supply and stabilize retail prices in anticipation of the festive season. Approximately 25 percent of India’s total rice exports consist of non-basmati white rice, impacting countries such as Singapore, which heavily relies on Indian rice imports.

In 2022, India supplied around 40 percent of Singapore’s imported rice, with Singapore sourcing rice from over 30 different countries. To mitigate potential shortages, Singapore operates the Rice Stockpile Scheme, mandating that rice importers maintain a buffer inventory equivalent to twice their monthly imports. This policy ensures a steady rice supply in the market.

The ban’s impact extends beyond Singapore, affecting nations like various African countries, Turkey, Syria, and Pakistan. Despite the ban, India experienced a notable increase in white rice exports during the first quarter of the current fiscal year, with exports rising by 35 percent compared to the same period the previous year. The situation continues to unfold as Singapore and other affected countries work closely with Indian authorities to navigate the challenges posed by the export ban.

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