Attempt to curb domestic inflation behind country’s decision on non-basmati white rice
India has introduced an immediate ban on non-basmati white rice exports to curb domestic inflation after heavy rains hit domestic crops, raising fears of further increases in global food prices.
The ban comes after a 20% duty on international exports introduced in September failed to curb foreign demand, which has soared after extreme climate conditions hit production in countries and demand rose on the back of grain supply disruptions caused by Russia’s invasion of Ukraine.
