India surprised buyers last month by imposing a ban on exports of widely consumed non-basmati white rice. Read more at straitstimes.com.
NEW DELHI - India’s Ministry of External Affairs on Tuesday said the country had decided to allow rice exports to Singapore. “India and Singapore enjoy a very close strategic partnership, characterised by shared interests, close economic ties and strong people to people connect,” a spokesman for the ministry said in a statement. “In view of this special relationship, India has decided to allow export of rice to meet the food security requirements of Singapore.
India, which is scrambling to rein in inflation ahead of state elections later this year, on Friday also expanded curbs on rice exports withIndia accounts for more than 40 per cent of world rice exports, and low inventories with other exporters mean any cut in shipments could further inflate food prices already driven up by Russia’s invasion of Ukraine last year and erratic weather. REUTERS
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