Rice prices are set to spike as India export curbs rock market

India has banned shipments of non-basmati white rice, which was about 30 to 40 per cent of the nation’s total exports. The move may raise import bills and inflation throughout Africa and Asia. This comes on top of world food markets already being challenged by drought and the recent conflict in Ukraine.

Jul 25, 2023 - 12:30
Rice prices are set to spike as India export curbs rock market
India has banned shipments of non-basmati white rice, which was about 30 to 40 per cent of the nation’s total exports. The move may raise import bills and inflation throughout Africa and Asia. This comes on top of world food markets already being challenged by drought and the recent conflict in Ukraine.