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The rush is on for rice

Last week, in an effort to combat food price inflation at home – which is running at about 11% – the Indian government made a major move in the international food markets. They banned the.

Rice importers set for gov t deals amid India ban - BusinessWorld Online

Rice importers set for gov t deals amid India ban - BusinessWorld Online
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.

Rice risks hitting decade-high as Indian curbs rock market

India has banned a majority of rice shipments causing the price of rice to surge. Rice is a staple food in Asia and Africa and a hike in rice prices would push up imports and inflationary pressures for the region. Vietnam has already raised the price of rice to $600 a ton for 5% white rice causing Thailand to potentially do the same, which would push Thai prices to their highest since 2012.

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