The Indian rice export ban, the war in Ukraine and El Niño are combining to create a “doom loop” for the world’s poorest people, as staple food prices soar.
The Indian rice export ban, the war in Ukraine and El Niño are combining to create a “doom loop” for the world’s poorest people, as staple food prices soar.
TIL that 40.5% of the world’s rice comes from India. That’s a lot of rice that’s no longer going to be circulating in the global market.
Seems like this is also going to have the largest impact on Africa, who have also been impacted by the lack of grain exports from Ukraine since Russia invaded.