World: Prices for rice may rise after the ban on the export of this crop in India

India, the number one supplier of rice, imposes a restriction on rice exports amid rising prices for the crop in the domestic market. Experts expect rice prices to rise in other countries. India exports up to 40% of rice in the world market and is the number one exporter of this crop in the world ranking of exporters. In this regard, experts expect that the restriction on the export of rice from this country will cause a change in prices in the domestic markets of all countries that bought Indian rice. The restriction began to operate from July 20, 2023, according to a message that sfera.fm has read. The restriction on rice exports in India is due to heavy rains that have damaged crops, Reuters reported. As a result, prices for white rice rose by 3%, and in just the last year, prices for this crop in the country have increased by more than 11%. To curb rising prices, the government has restricted rice exports from the country. The ban so far only applies to white rice. You can ...