{"id":5832,"date":"2023-07-26T05:55:31","date_gmt":"2023-07-26T05:55:31","guid":{"rendered":"https:\/\/ricenewstoday.com\/dev\/?p=5832"},"modified":"2023-07-26T05:55:54","modified_gmt":"2023-07-26T05:55:54","slug":"indias-rice-restrictions-could-fuel-food-price-inflation-imf","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/indias-rice-restrictions-could-fuel-food-price-inflation-imf\/","title":{"rendered":"India\u2019s rice restrictions could fuel food price inflation: IMF"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"680\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/07\/image-28.png\" alt=\"\" class=\"wp-image-5833\" srcset=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/07\/image-28.png 1024w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/07\/image-28-600x398.png 600w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/07\/image-28-300x199.png 300w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/07\/image-28-768x510.png 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>WASHINGTON: India\u2019s move to restrict exports of certain types of rice could help exacerbate food price inflation and should be reversed, International Monetary Fund chief economist Pierre-Olivier Gourinchas said on Tuesday.<\/strong><\/p>\n\n\n\n<p>Gourinchas told a news conference that India\u2019s restriction would have a similar effect of the suspension of the Ukraine Black Sea grain export deal, helping to drive up prices in other countries. He added that global grain prices could rise 10-15% this year.<\/p>\n\n\n\n<p>\u201cIn the current environment, these types of restrictions are likely to exacerbate volatility on food prices in the rest of the world, and they can also lead to retaliatory measures,\u201d Gourinchas said. \u201cWe would encourage the removal of these type of export restrictions because they can be they can be harmful globally.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WASHINGTON: India\u2019s move to restrict exports of certain types of rice could help exacerbate food price inflation and should be reversed, International Monetary Fund chief economist Pierre-Olivier Gourinchas said on Tuesday. Gourinchas told a news conference that India\u2019s restriction would have a similar effect of the suspension of the Ukraine Black Sea grain export deal, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5834,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[221,46,167],"class_list":["post-5832","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-food-inflation","tag-asian-rice","tag-indian-rice"],"acf":{"enable_premium_overlay":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>India\u2019s rice restrictions could fuel food price inflation: IMF - Rice News Today<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India\u2019s rice restrictions could fuel food price inflation: IMF - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"WASHINGTON: India\u2019s move to restrict exports of certain types of rice could help exacerbate food price inflation and should be reversed, International Monetary Fund chief economist Pierre-Olivier Gourinchas said on Tuesday. 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