US residents hoard rice at markets after India Bans export. On Thursday, July 20, India put a restriction on the export of non-Basmati white rice.
According to sources, the Ministry initiated this prohibition to moderate rice prices in the domestic market because India is the world’s biggest rice exporter.
Meanwhile, the restriction would have an impact on worldwide markets, causing prices to rise due to a lack of supply.
This is especially true for African and Southeast Asian countries, as well as our neighbors Pakistan and Bangladesh.
Also read: US housing prices increase for fourth consecutive month
While it is unclear whether the embargo will directly affect the United States, there was a panic buying situation in the country’s supermarkets.
A few of social media videos showed swarms of people flocking to shops to buy rice in quantity in anticipation of India’s rice export ban.
US residents hoard rice at markets after India Bans export, check the tweet:
India blocks exports or rice ! And the rice wars begins! pic.twitter.com/PMeBFt9Jer
— Santosh Gamini (@GaminiSantosh) July 21, 2023
We could notice a large number of Indians living in the United States in the clips released on Twitter. The video source was unknown, but the clip was widely shared.
There was a large crowd gathered in the market’s rice section. People were climbing the grocery shelves to buy bags of grains after India announced an export ban.
“In the aftermath of the ban on rice exports by India, the situation in the USA,” read the tweet. The clip showed a man lugging three bags of rice to his home.
Many individuals pointed out that there was no need to panic buy rice in large quantities. However, the videos continued to circulate and got popular.
Rice isn’t the only commodity making headlines. People in India have recently been stockpiling tomatoes after prices soared to Rs 200 per kilogramme in some parts of the nation. In reality, a daughter asked her mother to bring 10 kg of tomatoes from Dubai.
