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Global rice markets in turmoil as India bans export of non-basmati

India s decision to ban the export of non-basmati white rice has pushed up global prices, prompting multilateral lending agencies, such as the International Monetary Fund (IMF), to call for a reconsideration of the move.

Though nothing has been spelled out yet officially, sources said, the government might consider requests for government-to-government sale of non-basmati white rice, especially to West African nations where India is a major supplier.

Also, traders and exporters of specialty regional rice varieties like sona masuri or gobindo bhog feel that they have been short-changed. ....

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