To lower local prices, India may ban exports of 80% of its rice

To lower local prices, India may ban exports of 80% of its rice.

People with knowledge of the situation told Bloomberg that government representatives are presently debating a measure to limit the export of non-Basmati rice.

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Emails and texts requesting comments from the food, commerce, and finance ministries went unanswered.

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After its consumer price inflation accelerated in June, mostly as a result of rising food costs, India announced its strategy.

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