India's recent decision to restrict rice exports to the United States has sent ripples across the global food market, causing concerns over supply disruptions and potential impacts on consumers and retailers.
To manage the surge in demand and ensure equitable distribution, many stores have limited the number of rice bags customers can purchase.?
This measure comes as customers report encountering empty shelves when attempting to buy rice, highlighting the strain on rice supplies in the country due to the export restrictions.
"Only one rice bag per family,"?read notices put up by multiple stores.
Videos circulating on social media have depicted scenes of NRIs (Non-Resident Indians) queuing outside grocery and department stores to purchase rice. In contrast, others resorted to climbing shelves and pulling heavy bags of rice.?
Niks (@niks_1985) expressed on social media that many desi stores are now out of Indian rice due to India's ban on the export of non-basmati rice. As a result, some NRI families have reportedly hoarded large quantities of basmati rice, with some attempting to sell their excess supply on platforms like Facebook Marketplace.
In response to the soaring retail prices and a substantial 35 percent year-on-year increase in global demand for Indian non-basmati white rice during the second quarter, India's Food Ministry issued a statement explaining the reasons for the export ban.?
The Ministry aims to ensure adequate availability of rice in the domestic market and alleviate the rise in prices by limiting the export of non-basmati rice.?NRIs and authorities are closely monitoring the situation as it develops regarding concerns about rice supply and pricing dynamics.
For more trending stories, follow us on?Telegram.