India continues to restrict rice exports The government in New Delhi recently announced a minimum price for basmati rice exports. Basmati rice, which costs less than $1,200 per ton, may no longer be exported for the time being, including the Hindustan Times reported on Monday. According to the financial news agency Bloomberg, there are now restrictions on the export of all types of rice in India, which could boost prices worldwide. Because there is less available on the global market. For much of humanity, rice is a staple food. Sharply rising prices are a major problem, especially for poor countries in the Global South. India is the second largest rice producer in the world after China and the largest exporter. Extreme weather had recently severely affected the harvests of the rice nations. With export restrictions, India is trying to keep domestic prices low and thus provide poorer sections of the population in particular with rice at lower prices.
Less Rice from India – Economy
