india: Rice export ban triggers panic-buying of food staple

india: Rice export ban triggers panic-buying of food staple by Indians in the US

India's export ban on non-Basmati white rice has triggered panic buying among the Indian diaspora in America. Hoarding quickly followed India's announcement that it was curtailing some rice exports due to an earlier than expected El Nino, which has caused rice production woes and rising prices. Over the past year, prices have increased 11% and governments are encouraging India's government to reconsider the export ban, which some suggest might hurt food supplies.

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