India’s Saudi Rice Relations Sour As Exports Reach a Rolling Boil — Panjiva


India’s Saudi Rice Relations Sour As Exports Reach a Rolling Boil

Ags - Grains/Beans 162 Cons. Staples - Food/Beverages 395 India 283 Saudi Arabia 29

The Indian and Saudi Arabian governments will meet to address the latter’s block on imports of rice from India under new pesticide rules. The disagreement is significant in the context of total trade between the two given rice accounted for $1 billion of exports, or 20% of India’s total sales to Saudi Arabia in the 12 months to May 31. The talks may hinge on whether India will also buy more Saudi oil as Iranian supplies become curtailed. India’s rice industry is doing well otherwise after a 25% rise in shipments in May vs. a year earlier to reach the highest since at least 2016, though t...

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