![]() "Bans are easy to explain to the public," she said, "we're not selling food abroad, we're looking after people at home. Local concern is on the other staple varieties, which is why the government used the dramatic step of halting exports. ![]() Murphy says while supply of basmati may also be strained, the government did not move to ban exports since it is a more premium product. As CBC's Pratyush Dayal reports, some rice lovers here are getting nervous. The government of India has banned the export of non-basmati white rice, in an effort to make rice more available and affordable in that country. Today it tops $450, according to pricing in the most-traded Indian rice futures contract.ĭuration 2:16 Some people in Saskatchewan are snapping up rice before it runs out. In September of last year, a metric tonne of non-basmati rice in India would cost about $330 US. India has taken the extraordinary step in order to ensure domestic supply, and bring down prices, which have soared due to excess rains and drought in rice-producing regions.Īccording to government data, the domestic price of non-basmati rice has increased by almost 10 per cent this month. Stores in the U.S., Australia and elsewhere are also seeing unprecedented demand, Bloomberg and others reported Tuesday, although CBC News has not been able to independently verify the authenticity of videos showing hoarding and panic buying. Stores that cater to the South Asian market elsewhere in Canada are reporting similar scenes, including Savor Supermarket in Saskatoon, where purchases are being limited. Ramamurthy says he hasn't raised his prices yet, but he's expecting his suppliers to soon. Sriram Ramamurthy, Manager of Iqbal Halal Foods in Toronto, says customers have been stockpiling rice after India moved to ban some exports. Some customers would even approach other customers in line who were not buying rice, trying to get them to purchase it on their behalf, he said. He soon implemented a limit of one bag per customer, but that quickly proved futile as customers would come back with more family members, "each one trying to pick two or three at a time." "They started coming in here and they wanted to buy more and more," he said. Sriram Ramamurthy, the manager of Iqbal Halal Foods in Toronto, told CBC News in an interview Monday that he saw an immediate increase in demand for rice once word of the ban spread on Thursday of last week. and abroad, reports of panic-buying are flourishing on social media, with stores that cater to South Asian communities implementing caps on the amount that any customer can buy, and adjusting prices. India's decision to ban the export of non-basmati rice has led to consumers panic-buying and stockpiling Indian rice around the world, driving up prices in the process.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |