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India’s export restrictions propel global rice prices: Asian exporters brace for Bulog tender surge

New Delhi [India], May 7 (ANI): The Asian rice market is on edge as top exporters brace for a possible tender from Indonesia’s state purchasing agency, Bulog, in May. The surge in prices comes on the heels of Indian export restrictions, which have significantly tightened global supplies.
According to SP Global Commodity Insights, India, the world’s largest rice exporter, implemented export restrictions, including banning