India received the lowest August rains since at least 1901, raising concerns about weaker crop output and the potential for more export restrictions following the nation's curbs on rice.
The government on Thursday prohibited export of non-basmati white rice, according to a notification of the directorate general of foreign trade (DGFT).
At least 20 ships are waiting to load around 600,000 tonnes of rice at ports as New Delhi's surprise export restrictions have trapped cargoes for nearly a fortnight, forcing sellers to pay demurragecharges, industry officials told Reuters.