India export ban: World rice price index jumps to near 12-year high in July: FAO

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The United Nations Food and Agriculture Organization's (FAO) said that the rice price index has rose 2.8 percent in July from a month ago to their highest level in nearly 12 years. This comes as prices in key exporting countries jumped on strong demand and India's move to curb the exports, it said. The FAO Food Price Index tracks monthly changes in the international prices of globally-traded food commodities. Speaking of FAO's All Rice Price Index, it averaged 129.7 points in July against 126.2 points for the previous month, it said as reported by Reuters. As per FAO, the July...