India’s export restrictions on rice and wheat have significantly impacted global food prices, leading to a 28% increase in rice prices in September. The ban, driven by domestic political concerns ahead of a general election, has had far-reaching consequences for the world’s poorest countries. India, a major player in the global rice market, now imposes export duties and minimum prices on rice varieties, exacerbating food insecurity. While India presents itself as an advocate for the Global South, its policies harm developing nations. Export bans can lead to food riots, higher inflation, and instability in importing countries, undermining their development. India needs to align its actions with its promise to be a responsible global power.
India’s Rice Export Restrictions Hit Global Food Prices
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