Business Blog: Panic buyers load up on rice supplies as India bans exports

Tuesday, July 25, 2023

Panic buyers load up on rice supplies as India bans exports

India’s ban on certain rice exports has caused panic buying in various countries, with videos showcasing long lines outside grocery stores and bags of rice flying off the shelves. Reports from overseas Indians, from the US to Canada and Australia, have gone viral, with some shops imposing stockpiling limits, while others have hiked prices.

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