Indian Expats in the US Panic-Buy as India Reduces Rice Exports

1 min read
Source: Yahoo News
Indian Expats in the US Panic-Buy as India Reduces Rice Exports
Photo: Yahoo News
TL;DR Summary

India's decision to severely curtail rice exports has triggered panic-buying among the Indian diaspora in the United States, with some rushing to supermarkets to stock up on bags of rice. The export bans on non-Basmati white rice varieties were imposed to ensure adequate availability and control rising prices in the domestic market. While the supply of imported rice from India in the US may not be an immediate problem, a long-term ban could deplete stocks. Indian expats may have to adapt by purchasing rice grown in the US or imported from other countries.

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