Question
Download Solution PDFAmong the following, which one is the largest exporter of rice in the world in the last five years?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is option 2, i.e India.
- India’s share in world exports of rice in recent years (2014-18) has stayed at 25-26% and it emerged the world’s largest rice exporter in 2011-12, displacing Thailand from its leadership position.
- There were two factors which played a role in this.
- Indian government’s decision in February 2011 to lift a four-year ban on exports of non-basmati varieties of rice paved the way for a rise in exports of those varieties.
- Thailand government under Prime Minister Yingluck Shinawatra, in the same year favoured farmers by strengthening a Rice Pledging Scheme under which it promised to procure unlimited stocks at an enhanced price that reflected a 50 per cent increase over 2010.
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