India’s ban on rice exports raises fear of global food price rises

India has banned the export of non-basmati white rice in an effort to control domestic inflation. This move has raised concerns about further increases in global food prices, following Russia’s termination of a key grain deal which caused wheat and corn prices to rise. India is the largest exporter of rice, accounting for over 40% of global shipments. The ban does not apply to basmati rice, but non-basmati white rice makes up about 25% of exports. The Indian government hopes that this ban will lead to lower prices for domestic consumers, as food inflation has increased pressure on the BJP government.

https://www.theguardian.com/business/2023/jul/21/india-ban-on-rice-exports-raises-fear-of-global-food-price-rises

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