by Michael Snyder, End Of The American Dream:

Rice is one of the most important staple foods for more than 3 billion people around the world, and the nation of India accounts for approximately 40 percent of all global rice exports.  So if India decides to start placing restrictions on rice exports, that is a really big deal.  Unfortunately, that is precisely what just happened on July 20th.  Less than a week ago, India “banned the export of non-basmati white rice”, and that has created a tremendous wave of panic all over the planet…