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WASHINGTON, July 25 (Reuters) – India’s move to restrict exports of certain types of rice could help exacerbate food price inflation and should be reversed, International Monetary Fund chief economist Pierre-Olivier Gourinchas said on Tuesday. Gourinchas told a news conference that India’s restriction would have a similar effect of the …

[1/2]Rotten apples are seen on a tree at an apple orchard, in Sopore, north Kashmir, September 13, 2019. Picture taken September 13, 2019. REUTERS/Francis Mascarenhas/ NEW DELHI/SRINAGAR, July 24 (Reuters) – India’s apple production is expected to nearly halve this year after heavy rains and flash floods wiped out about …

NEW DELHI, July 22 (Reuters) – India has rejected Chinese automaker BYD Co’s (002594.SZ) proposal to set up a $1 billion factory in India in partnership with Hyderabad-based Megha Engineering and Infrastructure Ltd, the Economic Times reported on Saturday. Reuters reported this month that BYD had submitted a $1 billion …

[1/2]National Disaster Response Force (NDRF) personnel and other volunteers climb up a mountain to reach the site of a landslide at a village in Raigad, in the western state of Maharashtra, India July 20, 2023. REUTERS/Francis Mascarenhas MUMBAI, July 22 (Reuters) – The death toll from a landslide in India’s …

MUMBAI, July 21 (Reuters) – India’s decision to ban non-basmati white rice exports will spur traders to cancel contracts to sell around 2 million metric tons of the grain, worth $1 billion, on the world market, dealers said on Friday. India, which accounts for 40% of world rice exports, on …