Global food policy research
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IFPRI · Global · India on track for record 24 million tonne rice export year after lifting 2023 bans
IFPRI analysis of India's progressive rice export liberalisation: documents the 2023 ban's global impact (rice export prices hit decade highs, food insecurity concerns in West Africa and South Asia), and the 2024-25 unwinding. Projects global rice prices down 35% from peak levels as Indian supply re-entered the market, with Pakistan's rice exports falling 46% in Q1 after losing competitive ground.
“IFPRI: global rice prices fell 35% from peak as India's export liberalisation restored supply, with Pakistan's exports falling 46% in Q1 2025-26.”