News > India restricts rice exports, could fuel food inflation

India restricts rice exports, could fuel food inflation

Latesttalks | 09/09/2022 10:50 AM | Click to read full article

India banned exports of broken rice and imposed a 20% duty on exports of various grades of rice on Thursday as the world’s biggest exporter of the grain tries to augment supplies and calm local prices after below-average monsoon rainfall curtailed planting.

India exports rice to more than 150 countries, and any reduction in its shipments would increase upward pressure on food prices.

-