Economy
2019
Agriculture Schemes
External Sector
Among the following, which one is the largest exporter of rice in the world in the last five years?
C.Myanmar
A.China
D.Vietnam
B.India
Correct Answer: Option B
India became the world's largest rice exporter in 2011-12, surpassing Thailand.
Two main factors contributed to this:
- In February 2011, the Indian government removed a four-year ban on non-basmati rice exports, boosting exports of these varieties.
- The Thai government's Rice Pledging Scheme aimed to support farmers by purchasing unlimited rice stocks at prices significantly higher than in 2010, which made their exports less competitive.
Therefore, India is the largest exporter of rice.
Sources:
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