Coming Rice Crisis

[Expat]

India bans rice exports

this could bump prices… even more.

 

[Sigblitz]

I'll run to Cosco and stock up. I rarely eat rice, but I feel like I have to get ahead of this.

 

[Expat]

I'll run to Cosco and stock up. I rarely eat rice, but I feel like I have to get ahead of this.

I only will eat rice 1-2x a month, but will some more anyway.

 

[DoggyDaddy]

I can't remember the last time I made rice at home.

 

[Expat]

I can't remember the last time I made rice at home.

Jambalaya

 

[ancjr]

I used to make it every day. Miss Daisy doesn't love it and I'm trying to stay lower carb....

 

[BehindBlueI's]

Shouldn't be much of an issue for the US. A quick glance at USDA's site on exports/imports shows we aren't importing much of the type of rice affected by India's ban.

USDA ERS - Trade

Although the United States produces less than 2 percent of the world's rice, it is a major exporter, accounting for more than 10 percent of the annual volume of global rice trade.

www.ers.usda.gov

Gonna suck for Africa and the like, though.

 

[BigRed]

How will folks dry their cell phones?

 

[Basher]

How will folks dry their cell phones?

BigRed’s asking the important questions!

 

[Cameramonkey]

Shouldn't be much of an issue for the US. A quick glance at USDA's site on exports/imports shows we aren't importing much of the type of rice affected by India's ban.

USDA ERS - Trade

Although the United States produces less than 2 percent of the world's rice, it is a major exporter, accounting for more than 10 percent of the annual volume of global rice trade.

www.ers.usda.gov

Gonna suck for Africa and the like, though.

Though I wonder whether companies will take the opportunity to give the prices a bit of a bump anyway?

 

[BehindBlueI's]

Though I wonder whether companies will take the opportunity to give the prices a bit of a bump anyway?

Maybe. It's a commodity, so unless there's a panic run there's probably not a ton of price flexibility. If we have unused export capacity, that may affect prices, but I don't know enough about the topic to know how realistic a concern that is. Shipping has been difficult for industries of all stripes, so I would *guess* there isn't a ton of unused shipping capacity to move it to Africa or other nations, even if they could pay more than US consumers.

 

[hoglegs]

Shouldn't be much of an issue for the US. A quick glance at USDA's site on exports/imports shows we aren't importing much of the type of rice affected by India's ban.

USDA ERS - Trade

Although the United States produces less than 2 percent of the world's rice, it is a major exporter, accounting for more than 10 percent of the annual volume of global rice trade.

www.ers.usda.gov

Gonna suck for Africa and the like, though.

I was wondering this very thing as I scrolled down the thread. So it looks like the US imports are safe? (Except basmati) I could eat rice daily, but my A1C says otherwise. Now when China invades Taiwan, then we may have a rice import issue

 

[BehindBlueI's]

I was wondering this very thing as I scrolled down the thread. So it looks like the US imports are safe? (Except basmati) I could eat rice daily, but my A1C says otherwise. Now when China invades Taiwan, then we may have a rice import issue

Yes to US being safe, but to clarify:

Basmati and other "aromatics" are the vast majority of what we import, and are exempted from the export ban.

 

[hoglegs]

Yes to US being safe, but to clarify:

Basmati and other "aromatics" are the vast majority of what we import, and are exempted from the export ban.

Good news for the wife, she loves basmati. But I wouldn't be surprised to see some panic purchasing & empty shelves if this gets more press coverage.

 

[KokomoDave]

I have may have eaten rice except that nasty Uncle Ben's. Yuck!!

 

[WebSnyper]

How will folks dry their cell phones?

Does the restriction impact uncoiled rice too? If so, Houston, we have a problem.

 

[WebSnyper]

Shouldn't be much of an issue for the US. A quick glance at USDA's site on exports/imports shows we aren't importing much of the type of rice affected by India's ban.

USDA ERS - Trade

Although the United States produces less than 2 percent of the world's rice, it is a major exporter, accounting for more than 10 percent of the annual volume of global rice trade.

www.ers.usda.gov

Gonna suck for Africa and the like, though.

When they came for the rice, we didn't stand up, because it wasn't the kind of rice we ate...

 

[snapping turtle]

As diffent types of grain get hard to come by then the prices for what is available will rise. Not worried rice has not been something I am worried about for quit some time. About 500 pounds stashed away.

 

[spfldbowhunter]

If you’re in an area with a lot of Indian/SE Asian groups it’s real. Saw folks loading up carts yesterday at Costco.

 

[Expat]

I bought some after church. All of the parboiled was gone… that is my primary kind. So I bought the last big bag of jasmine. I don’t eat that kind, but now someone else isn’t either.