2023-07-13 07:13:08
India, the world’s largest rice supplier, is considering an export ban on most varieties of rice. Worries about El Niño affecting crop yields could push up already high rice prices globally.
The Indian government is discussing plans to ban all rice exports except basmati, according to people familiar with the matter.
India faces general elections in 2024 and wants to avoid rising inflation in the country. The officials spoke on condition of anonymity because the information is private. The ban affects about 80% of India’s rice exports.
Officials from relevant ministries, including the Ministry of Finance, did not respond to emails or text messages seeking comment.
Original title:India Considers Banning Most Rice Exports as Local Prices Surge (excerpt)
(Part of this article uses automatic translation)
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