India Tightens Rice Exports in Threat to Global Food Prices
- The government imposes a 20% export levy on parboiled rice
- India has now restricted about 80% of its overseas rice sales
Asian rice prices soared to their highest in almost 15 years earlier this month, and could climb further, raising costs for importers such as the Philippines and some African nations.
Photographer: T. Narayan/BloombergThis article is for subscribers only.
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India imposed more curbs on shipments of rice to ensure its food security, a move by the top exporter that’s likely to further squeeze global supplies of the grain.