August 3

India’s Rice Export Ban to Hurt Millions Globally. These Countries Will Be the Worst Hit

By Lee Ying Shan

India’s rice export ban could ripple across global rice markets — and millions are expected to be impacted, with Asian and African consumers set to bear the biggest brunt.

India, the world’s largest rice exporter, banned the exports of non-basmati white rice on Jul. 20, as the government sought to tame surging domestic food prices and “ensure adequate domestic availability at reasonable prices.”

Photo courtesy of Mathieu Schoutteten.

Source: CNBC (link opens in a new window)

food security, international trade