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Governments banning the export of rice are fuelling soaring prices and exacerbating supply shortages, one of the world's biggest suppliers has warned.
Tilda, the largest supplier of basmati rice from India, said the bans imposed by some of the biggest rice producers - Vietnam, Egypt and Cambodia - were "distorting" the global market and would result in fewer farmers growing the staple.
The warning comes amid growing concern over the prices of rice, wheat and corn, which have more than doubled in the past year. Rice is now about $1,000 a tonne, compared with about $350/400 at the start of the year.
