Wild weather and export bans have global rice trades at boiling point

The global rice trades are in severe flux with floods wiping out crops in northern China and top exporters instituting de facto export bans. 

India, the world’s top rice exporter, has put out export bans and export taxes on all varieties of rice, citing food security concerns, while neighbour Myanmar, the world’s seventh-largest rice exporter according to Global Trade Tracker, has just introduced a 45-day halt on exports to rein in soaring food prices.

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