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India is the world's top exporter of rice, accounting for nearly 40% of the global trade. The ban on non-basmati white rice exports was implemented in July 2023 to help lower domestic prices and secure availability.
https://www.reuters.com/world/india/indias-smaller-rice-crop-paves-way-prolonged-export-curbs-2023-11-01/
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3.00@mods please resolve based on news article from 25 days ago https://www.reuters.com/markets/commodities/india-allows-non-basmati-white-rice-exports-sets-floor-price-2024-09-28/
@vitamind Huh on second look they do look suspicious, and I can’t find more credible reporting. Why are a bunch of sketchy news sites reporting this?
@Sketchy I think there was an inital errenous news report which everyone has used as a source.
The only changes are to the duty rates; non-basmati white still has the export curbs AFAIK.
Before this, they removed the floor price on basmati rice - so I think thus far, they haven't made a single change to non-basmati rice.
@Sketchy ok resolves yes now i think: https://x.com/ReutersAsia/status/1840013695960629434