India Seen Keeping Rice Export Bans Into 2024, Holding Up Global Prices

  • Shippers expect limits to stay until elections next year
  • El Niño’s arrival may further tighten global rice supply
A worker seals sacks of paddy rice at a wholesale market in Haryana, India, earlier in October.Photographer: Anindito Mukherjee/Bloomberg
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India, the world’s top rice exporter, is expected to maintain its curbs on overseas sales well into next year, a move likely to hold the staple grain at close to its highest price levels since the food crisis of 2008.