Plunging rice prices ease inflationary pressures in Asia and Africa

India's reversal of export ban brings benchmark down 8% in a month

20241023N India rice

India, by far the largest exporter of rice in the world, lifted export limitations on non-basmati varieties in September. © Reuters

JUMPEI KINEFUCHI, Nikkei staff writer

TOKYO -- International rice prices are declining after India, the world's leading exporter, eased restrictions in September, a move seen easing inflation among key importers in Southeast Asia and Africa.

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