India is exploring a ban on the export of all non-Basmati rice to address increased inflationary pressures ahead of elections. Should it proceed, such a ban will impact some 80% of the country’s rice exports. Rice is a staple for about half of the world’s population, with Asia consuming around 90% of global supply.
India mulls banning most rice exports as local prices surge
India is exploring a ban on the export of all non-Basmati rice to address increased inflationary pressures ahead of elections. Should it proceed, such a ban will impact some 80% of the country’s rice exports. Rice is a staple for about half of the world’s population, with Asia consuming around 90% of global supply.