Following India's export prohibition, people swarm US stores to purchase rice

 Following India's export prohibition, people swarm US stores to purchase rice

People were observed buying rice in a rice rush because of fear of price increases. An image from Dallas, Texas shows an Indian mob snatching up bags of rice as a guy distributed them. 

From the India Today News Desk: After India restricted the export of rice to increase domestic supplies, throngs of people, primarily Indians, were spotted thronging their neighbourhood grocers in several regions of the United States. The price of rice significantly increased as a result.

People were observed buying rice in a rice rush because of fear of price increases. An image from Dallas, Texas shows an Indian mob snatching up bags of rice as a guy distributed them. Outside of stores, there were lengthy lines of people. Bulk purchases of rice bag were seen from individuals.

EXPORT BAN OF RICE

On July 20, a prohibition on the export of non-basmati white rice was issued. This was done to increase domestic supply and control retail pricing during the impending holiday season. About 25% of all the rice exported from the country is non-basmati white rice.

"Export practise of non-basmati white rice (semi-milled or wholly processed rice, whether or not polished or glazed)...is revised from free to prohibited," the department general of foreign trade (DGFT) stated in a statement. More than 40% of the rice exported globally comes from India.

According to data analytics company Gro Intelligence, countries that are anticipated to be impacted by the embargo include African countries, Turkey, Syria, and Pakistan, all of whom are already dealing with severe food price inflation.