recultivate his land. i ve suffered huge losses he tells me and now nothing can be grown on this land until november. here the rice export ban is a double whammy. it is going to have had verse impact on us he says, we won t get a higher right of race. the floods were a death blow to us, this ban will finish us. southeastern nation accounts for more than 40% of world rice exports globally. and at this hub traders face uncertainty as rice stocks are piling up. the export bans has left traders with huge amounts of stock. we now have to find new buyers i m told. many of the world s poorest countries depend on imports of indian rice. economists warn a prolonged ban could lead the most vulnerable with even less to eat. global food prices have soared
The world has become increasingly dependent on sugar exports from the South Asian nation as global supplies tighten. Uneven rainfall across India s agricultural belts has stoked concern that sugar production will fall short, potentially dropping for a second straight year in the season starting October.