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Policy-related

After a year, India’s rice export restrictions continue to fuel high prices

Jul 30th, 2024 • by JOSEPH GLAUBER AND ABDULLAH MAMUN

In July 2023, the Indian government announced export restrictions on non-basmati white rice. Coming after earlier export limits on other types of rice, the action was taken in part due to a strengthening El Niño that threatened to limit rice production and fuel rising food inflation—a potential political liability for the Modi government as it faced upcoming general elections in spring 2024.