Shipments of rice in USA

 India's top rice shippers are convinced the government won't follow other nations in adopting restrictions on grains exports since the nation has more than enough supplies to meet domestic demand. Bumper plants will help the country avoid curbs on international sales, based on a few of the nation's key exporters. Since the coronavirus continues to spread across the world, fear buying and concerns over supply chain disruptions have led several countries such as Vietnam, Russia and Kazakhstan, to stop exporting some staple foods to shore up supplies at home. That's raised questions over whether India, the world's biggest exporter of rice, will follow suit. "India is not deficient in production and, in the immediate foreseeable future, there does not appear to be a cause for concern over food security," stated Vijay Setia, director at Chaman Lal Setia Exports Ltd., a rice miller and exporter. "We might have sufficient surplus for exports." Vietnam, the world's third-largest shipper, has temporarily suspended new rice exports, while Myanmar also stated it may cut international sales to avoid domestic shortages. Rough rice futures in Chicago are around the strongest for almost six years. There might also be an increase in demand in Middle Eastern countries, he said. "That might increase exports" from the financial year from April 1, Arora said. Global milled rice production will be little changed from a year earlier at 499.31 million tons from 2019-20, based on data in the U.S. Department of Agriculture. Ending stockpiles are observed at a listing 182.3 million tons, up about 4% from a year before, the data reveal. While global grain stocks are relatively comfortable and the weather outlook this year fairly optimistic, countries may adopt export restrictions or boost stockpiling should the snowball accelerate quicker than anticipated or when the crop outlook deteriorates, Fitch Solutions said in a report. India has imposed export curbs during comparable conditions in the past, it said. Though there aren't any concerns at the moment,"if the fear of this unknown prevails and niches get dented with hoarding etc., then of course various governments have to resort to means at their disposal to handle the circumstance," explained Setia, a former president of the All India Rice Exporters' Association, that has traded the commodity for more than four decades. "Imposing restrictions on external trade could be one such measure," he said. Shipments of rice have slowed somewhat because of logistics problems, such as a shortage of workers and truck drivers, brought on by the nationwide lockdown, said Vinod Kaul, the executive director of the association. Exporters are hesitating to sign new contracts with overseas buyers due to the slowdown in current shipments, '' he said. "The lockdown is going to have some impact and we can't avoid it," Kaul said. "There is not any movement by the authorities to ban exports."