India’s rice export ban triggers panic buying at US supermarkets – with cost of 20 pound bag soaring from $16 to almost $50

India’s rice export ban triggers panic buying at US supermarkets – sparking costs of 20-pound bag to soar from $16 to almost $50

• India ordered a halt to its largest rice export to calm domestic prices
• Videos and reports shared on social media show shoppers panic-buying in Texas, Michigan, New Jersey Alabama, Ohio, Illinois and California 
• The south Asian county accounts for 40 percent of world rice exports