Global meals markets have been thrown into chaos but once more — not solely due to Russia’s determination to tug out of the Black Sea grain deal, but in addition India’s announcement that it could ban the export of many sorts of rice. The partial exit of the rice market’s largest buying and selling nation, with a couple of 40% share of exports, has led to fears that meals inflation will race uncontrolled, significantly in nations of the Global South which might be already fighting excessive debt ranges and inflated meals and gas payments.

Even whether it is quickly lifted, the export ban is an enormous mistake for India, each economically and geopolitically. It dramatically undermines Indian leaders’ latest claims that this nation is the pure and accountable chief of the growing world.