India bans exports of non-basmati white rice amid production concerns
- India has banned exports of non-basmati white rice due to monsoon delays impacting crops.
- India accounts for over 40% of global rice exports, so the ban will affect prices and buyers dependent on Indian supply.
- Domestic Indian rice prices have risen over 10% in the past year due to weather and inflation concerns.
- The export ban aims to ensure adequate domestic supply and control further rice price increases in India.
- African nations are expected to be most impacted by India's halt of white rice exports before a key election.