Last month, three days after Russia pulled out of the Black Sea grain deal, India imposed a ban on July 20 on the export of non-basmati white rice. The move followed a ban on the export of broken rice, which was announced in September last year and is still in place.
India’s reasons were domestic — rising food prices, high inflation and fear of rice shortage due to El Nino disruptions as the country heads into a festive season and elections — but the bans’ impact is now being felt globally, with prices shooting up.
