India imposes major rice export ban, triggering inflation fears
India imposes major rice export ban, triggering inflation fears
www.reuters.com India imposes major rice export ban, triggering inflation fears
India on Thursday ordered a halt to its largest rice export category in a move that will roughly halve shipments by the world's largest exporter of the grain, triggering fears of further inflation on global food markets.
India on Thursday ordered a halt to its largest rice export category in a move that will roughly halve shipments by the world's largest exporter of the grain, triggering fears of further inflation on global food markets.
Modi’s administration has extended a ban on wheat exports after curbing rice shipments in September 2022. It also capped sugar exports this year as cane yields dropped.
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