Price of rice surged to a 12-year high globally after the Indian government imposed restrictions on sale of all non-basmati varieties overseas which accounted for 80 percent of total rice shipments. India holds a 40% market share of rice exports. The move hopes to bolster domestic food stocks. Manisha Gupta discusses the impact of govts move with Himanshu Agrawal, MD, Satyam Balajee Group.
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