India Imposes Rice Export Ban

 

Reuters: India imposes major rice export ban, triggering inflation fears 

NEW DELHI: India on Thursday ordered a halt to its largest rice export category in a move that will roughly halve shipments by the world's largest exporter of the grain, triggering fears of further inflation on global food markets. 

The government said it was imposing a ban on non-basmati white rice after retail rice prices climbed 3 per cent in a month after late but heavy monsoon rains caused significant damage to crops. 

India accounts for more than 40 per cent of world rice exports, and low inventories with other exporters mean any cut in shipments could inflate food prices already driven up by Russia's invasion of Ukraine last year and erratic weather. 

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WNU Editor: India is responsible for approximately 40% of the world's rice exports. Some variants will still be exported, but 25% of the world's rice production is now off the global markets. This is a nightmare situation for third world countries that will get worse if this ban is permanent. If you think the immigration crisis is bad now, you have seen nothing yet.

Update: India’s rice export ban comes amid ‘perfect storm’ with Black Sea wheat crisis, El Nino (see video below). 

 

 India Imposes Rice Export Ban  

Top rice supplier India bans some exports -- AFP  

India’s rice export ban could send decade-high prices spiking even further -- CNBC 

India triggers inflation fears after imposing major rice export ban -- CNN  

Rice prices set to climb further after India export ban, trade at standstill -- Reuters

India's latest rice export ban could spell long-term trouble for US -- Agri-Pulse 

India’s Rice Export Ban Could Drive Global Food Prices Even Higher—Here’s What You Need To Know -- Forbes

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