India ban on rice export to Bangladesh will not have any impact on prices.

Prices of rice will not increase even though the Indian government decided to stop exporting rice to Bangladesh from September 15 to November 30. Indian authorities concerned informed their decision that they would keep exports of rice to Bangladesh halted during the period so that the recent floods cannot cause a food crisis in India. Fungicides grew in rice as unscrupulous traders tried to manipulate rice price by storing up it a long period and thus creating an artificial crisis in markets, he said, adding that actions would be taken against such traders.