Word: nonbasmati
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Dates: during 2008-2008
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...highest bidder. That means a lot of Indian rice that was once sold domestically is instead sold abroad for higher prices - which in turn drives up domestic prices. The government, in an effort to keep as much rice as possible at home to quell inflation, has banned exports of nonbasmati rice and adjusted price controls to discourage exports of aromatic basmati rice. "In desperation, the government is trying to isolate the domestic market," says economist B.B. Bhattacharya, vice chancellor at New Delhi's Jawaharlal Nehru University...
...DELHI India, on the brink of a food crisis, bans the export of nonbasmati rice...
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