India’s six-week rice ban has strained the global market

India’s six-week rice ban has strained the global market

The ban on rice exports by India has sparked a panic on the international market and driven up prices in Asia. India has alarmed the rice market in just over six weeks. The leading exporter in the world has curbed all of its exports, alarming countries from West Africa to Asia. Other large suppliers have made an effort to reassure consumers that there is a sufficient supply of rice, but this hasn’t done much to calm the market.