India may ban exports of most rice varieties: Report

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India is considering banning exports of most rice varieties. ​​​This move by India, the world’s biggest rice shipper, may send already lofty global prices of the food staple higher as the disruptive El Niño weather pattern returns. Uneven distribution of rainfall in the key rice-growing areas of the country has pushed up prices of the grain by up to 20% in the last 10 days, ET reported earlier this week.

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