Page 10 - Export Ban News Today

The export ban includes vehicles fitted with 1,900 cc engines or greater and vehicles with hybrid and electric motors, Japan's trade ministry said in a statement.

India's ban on non-basmati white rice exports has raised serious concerns among rice-importing countries as it has already led to global shortage.

The widespread cereal shortages in India could drive inflation higher in India, even as the vegetable price shock is set to ease in the coming months, HSBC Holdings Pranjul Bhandari and Aayushi Chaudhary wrote in a report. The worry on cereals, including rice and wheat, are “legitimate” and may push prices higher.

With global food supply under strain, India may come under pressure to lift the ban

Several meme pages run by the NRIs on Instagram showed a taste of what Indians are going through due to the shortage.

The Centre has prohibited the export of non-basmati rice to curb price rise in the domestic market, the food department said in a statement. Retail prices of non-basmati rice have increased 3% in the past one month and 11.5% in the past year despite the imposition of 20% export duty since September 2022 to lower prices as well ensure availability in the domestic market.

India, a dominant player in the global rice trade, has taken measures in recent months to strengthen control over the trade of certain rice varieties. The country enforced a ban on the export of broken rice in 2022.

The chinese need to sell them. the chinese tried an export ban in 2010 against japan on rare earth minerals and it completely collapsed. so the chinese are not dealing with us from a position of strength. >> certainly dealing with their own domestic weakness with unemployment being high for the youth there, the property market. a hot we could talk about, but well have to leave it there for now. thank you.hot we could talk abo well have to leave it there for now. thank you. coming up for us, a ...

Https://twitter.com/ramalokot/status/1666850894439231501?t=i013noBpM1bFO6w8ND6uvw&s=19 Shocking Video Reveals Zimbabwean Officials Violating Lithium Export Ban In a shocking turn of events, South African citizens are witnessing the unfolding of a scandal involving Zimbabwean government officials. The officials, who previously imposed a ban on the export of lithium ore, have been caught on camera driving large lorries filled with the same…

Gary Clyde Hufbauer is a Non-Resident Senior Fellow at the Peterson Institute of International Economics