India’s export restrictions on rice may continue in 2024, study says
Vienna-based Complexity Science Hub (CSH) and Austria Supply Chain Intelligence Institute (ASCII) have jointly released a research paper wherein they have recommended the import-dependent countries to diversify sourcing rice from one destination to multiple places. In the backdrop of India’s restrictions on non-Basmati exports, they advocated a long-term and diversified set of import destinations for rice consuming countries.
“Having a diversified portfolio of import sources before the occurrence of a shock is crucial. Setting up new major trade streams typically requires more time and effort from both political and logistical perspectives than is usually available when facing a sudden shock,” the agencies said in a report on the impact of export…..
