India Mulls Export Tax on Parboiled Rice

The transcript discusses the Indian government's proactive measures to restrict the trade of food commodities to control inflation, especially before elections. These measures include restricting exports of wheat, sugar, and rice. The effectiveness of these measures is mixed, with some success in controlling wheat prices but challenges in other areas like tomatoes and onions due to poor rainfall. The restrictions have global implications, affecting food prices worldwide, particularly in countries dependent on Indian exports.

Why is the Indian government restricting the trade of food commodities?

• To control inflation before elections

• To reduce global food prices

• To boost local production

• To increase food exports

Which food commodity's export was restricted by India last year?

• Onions

• Broken rice

• Sugar

• Wheat

What factor contributed to the fluctuation in onion prices?

• High import duties

• Increased demand

• Poor weather conditions in Maharashtra

• Government subsidies

How does India's restriction on rice exports affect global markets?

• It leads to a surplus of rice in global markets

• It reduces global rice prices

• It has no impact on global markets

• It increases global rice prices

Which region is most affected by India's rice export restrictions?

• Europe

• Africa

• South America

• Australia