India has banned the export of white rice India, the nation that exports the most rice worldwide, has announced a moratorium on rice exports...
India has banned the export of white rice
India, the nation that exports the most rice worldwide, has announced a moratorium on rice exports to other nations.
It is anticipated that the decision made by the Indian government will result in an increase in rice prices. According to the country's Ministry of Food Production, India has banned the export of all white rice that isn't Basmati in order to avoid a shortage and a rise in the price of the grain on the domestic market. The prohibition on the export of rice from India will have an impact on nations like Pakistan, Syria, Turkey, and Africa, all of whom are already struggling with high food prices.
Even last year, due to the country's price adjustment, India, which exports more than 40% of the world's rice, prohibited the export of both wheat and rice. As a result of the Corona epidemic, the impact of the war in Ukraine, and the change in climate brought on by El Nino, it has been seen that the price of rice is increasing on the global market.
