India Bans Non Basmati Rice Exports

In order to keep a check on domestic prices by ensuring adequate local stocks, the India government has banned exports of non-basmati rice variety with immediate effect.

The ban is expected to push up global prices of rice, as India is one of the crop's major exporters, shipping out around 300,000 MT of non-basmati and 100,000 MT of basmati rice every month.