Reuters exclusively reported Indian rice traders had stopped signing new export contracts amid the nationwide lockdown to curb the spread of coronavirus, as labor shortages and logistics disruptions hamper the delivery of even existing contracts. The halt in exports from the world’s biggest exporter is allowing rival countries such as Thailand to raise shipments in the short term and lift global prices, forcing millions of poor consumers in Africa to pay higher prices.
Reuters exclusively reports Indian rice exports suspended on supply chain disruption
03 April 2020, 12:00 am. 1 minute
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Europe / Middle East / Africa