India's export ban rattles global rice market as prices continue to surge
Global rice prices have surged again after India imposed a total export ban, as analysts warn that poor consumers will feel the brunt.
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Global rice prices have surged again after India imposed a total export ban, as analysts warn that poor consumers will feel the brunt.
Rice prices in Asia jumped back near the highest level in almost 15 years on Wednesday . Read more at straitstimes.com.
Rice prices in Asia jumped back near the highest level in almost 15 years on August 30 after India slapped more curbs on parboiled and basmati over the previous weekend.
India, the world’s top shipper has placed restrictions on all of its exports, panicking governments from Asia to West Africa.
India's rice export ban comes in a moment of rough climate and geopolitical conditions, but a coordinated international response can keep food markets stable.