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Commodities

The world market is bracing for similar actions by rival suppliers in an attempt to avoid potential domestic shortages. This is in response to the 10 million metric ton gap left by India, which could exacerbate global food inflation.

India&#39;s Rice Export Ban Triggers Global Market Concerns

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The ban may reduce India&#39;s local rice prices, but could potentially increase global costs, especially as climate changes and geopolitical tensions in the Black Sea region already threaten crop yields.

India Bans Most Rice Exports: What It Means For Prices Of Your Meals

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