Panic buyers load up on rice supplies as India bans exports

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From the US to Canada and Australia, reports of overseas Indians stocking up are going viral. Read more at straitstimes.com.

NEW DELHI - India’s move to ban certain rice exports has sparked some panic buying in various countries, with videos on social media showing bags of the staple food flying off the shelves and long lines outside grocery stores.

Rice is vital to the diets of billions in Asia and Africa. India’s restrictions, which apply to shipments of non-basmati white rice, are aimed at controlling local prices, but they add to strains on global food markets that have already been roiled by bad weather and the worsening conflict in Ukraine.

The store is now allowing customers to buy only one 5kg bag of rice each. “Some people get mad when we won’t let them buy more than one bag, but we won’t let them,” Mr Shaima said.

 

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