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Global Food Supply Faces Fresh Turmoil With Rice Set to Climb

  • India curbs rice exports that mainly feed Asia and Africa
  • Move could ‘supercharge’ rice prices and stoke inflation
Sacks of paddy rice stacked at a wholesale grain market in Uttar Pradesh, India.
Sacks of paddy rice stacked at a wholesale grain market in Uttar Pradesh, India.Photographer: Anindito Mukherjee/Bloomberg

Food supply, already squeezed by shortages in wheat, corn and cooking oils, is at risk of even more disruption, this time from the rice market.

India is clamping down on exports of the staple for half the world’s population, with the market’s focus now turning to the capacity of other major producers including Thailand and Vietnam to fill the gap. The restrictions are threatening to ignite inflation for yet another key commodity, and may deprive some of the globe’s poorest nations of a crucial element of their diet.