(October 13, 2023 at 11:09 pm)ShinyCrystals Wrote:Are you sure?(October 13, 2023 at 10:50 pm)Dmitry1983 Wrote: No, you don't. The article explicitly refutes your claim that export bans don't prevent domestic inflation.
Wrong again.
https://en.wikipedia.org/wiki/Export_Control_Act
https://en.wikipedia.org/wiki/Export_restriction
First off, I read the article. That said nothing about preventing inflation.
Quote:"In order to ensure adequate availability of non-basmati white rice in the Indian market and to allay the rise in prices in the domestic market, the government of India has amended the export policy," the food ministry said in a statement that cited a 11.5% increase in retail prices over 12 months.https://www.reuters.com/markets/commodit...023-07-20/
Quote: Plus, I am sure what you said about those export things has nothing to do with India. Not to mention, given the article you linked, I am sure those export acts and restrictions can only do so much to prevent inflation. I mean, what happens in India is still out of the USA's control, not to mention, the Export Control Act is of the United States, not India. The USA is not known for exporting rice in the first place. America is only importing rice, and I am sure the export restrictions have to do with India rather than the United States, since India is the one exporting their stuff rather than importing it like the United States.The articles that I linked talk about US exports in general not just grain exports.
