“Erratic climate conditions – including the driest August in more than a century – have sent food prices spiraling above 11% in India, which is a major player in global agri-trade,” writes the BBC News, India in a piece on India’s exportation of rice and other products.
The International Food Policy Research Institute believes that India, with its aggressive defense of domestic prices, runs the risk of exporting food inflation to the world, “particularly with rice, sugar and onions. Over the past decade, India has emerged as the world’s largest exporter of rice – it holds a 40 percent market share – and second largest exporter of sugar and onions.”
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Republished by Yahoo News Canada, BBC (Arabic).