India's Rice Export Ban and Its Impact on Domestic Affordability

India, the world's largest rice exporter, has imposed a ban on the export of non-basmati rice. This move aims to address the rising domestic prices and food inflation caused by factors such as climate change impacting rice crops and traders diverting rice to export markets. The ban has created a ripple effect in other countries' economies, with panic buying observed in some high-income countries. The ban has also created an opportunity for other rice-producing countries like Thailand to increase their exports. However, concerns arise regarding whether other countries can fill the gap created by India's export ban, and the potential for a global rice shortage.