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India imposes curbs on basmati rice exports; contracts with value below $1200 a ton temporarily halted (economictimes.indiatimes.com)

submitted 1 year ago by mwalimu@baraza.africa to c/worldnews@lemmy.ml

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India has imposed restrictions on the export of basmati rice, following the imposition of a 20% duty on parboiled rice. The government has set a minimum export price of $1,200 per ton for basmati rice shipments. Contracts below this price will be put on hold and evaluated by a committee.

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[-] livus@kbin.social 3 points 1 year ago

Wow, this will effect 12% of global onions. Thank you for the article.

Between weather and war, global food supplies are strained this year. It is very concerning.