New Delhi has restricted exports of non-basmati white rice in a bid to boost domestic supply and to keep inflation under control The International Monetary Fund (IMF) has said India’s recent move to halt the export of non-basmati white rice is likely to exacerbate volatility in food prices globally and has encouraged India to remove the restrictions. India is the world’s largest rice exporter, accounting for over 40% of global shipments. The country’s government said last week that it would restrict exports of non-basmati rice to calm domestic rice prices, which had risen more than 30% since October 2022. While h
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