India, a leading rice exporter, is set to prolong restrictions on overseas sales, maintaining the staple grain at its highest price levels since 2008. Despite being a top global shipper, Prime Minister Narendra Modi aims to curb domestic price surges, impacting nations like Benin and Senegal while facing impending reelection. Analysts predict these measures to persist post-elections if domestic rice prices continue rising.
from Economy-News-Economic Times https://ift.tt/35b68vh
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