Americans Rush to Stock Up on Rice Amid Export Ban in India, Sparking New Biden Panic Buying

Joe Biden is once again facing a consumer shortage of basic goods, similar to what happened in 2021-2022. Shoppers across the US are panic-buying rice due to an export ban in India, which has caused the prices to skyrocket.

Biden Once Again Unprepared

Videos on social media show more cases of panic-buying rice at supermarkets. The price of a 20-pound bag has gone up from $16 to $50, according to The Daily Mail reports.

India, which is responsible for 40% of global rice exports, implemented the export ban to control domestic prices, but it is impacting American consumers.

Non-basmati rice, the most commonly used type of rice in traditional US, Mexican, and Asian recipes, is being affected by the ban.

BIDEN’S ECONOMY: India’s rice export ban triggers panic buying in Dallas. https://t.co/Sh4jk3A7oc

— @amuse (@amuse) July 22, 2023

Blackmailing Consumers

According to a report by PBS Frontline, rice prices across the country have increased by an average of 11%.

In response to the panic buying, some grocery stores are forcing customers to spend a minimum amount on other products in order to purchase a single bag of rice.

The export ban was triggered by heavy rain in Northern India, which damaged newly-planted rice crops. The flooded paddy fields delayed the replanting process. Rice is a key staple for over three billion people globally, with South and East Asia producing nearly 90% of it.

Once again, US consumers are facing the consequences of Bidenomics and goods shortages caused by the Biden administration’s lack of preparation.

BREAKING NEWS: Famine on its way! Panic buying of rice has begun in North America.

India, the world’s largest exporter of rice with 40% of the global rice supply, has just been taken off the markets.

The price of rice, which is a staple for millions of people worldwide, has… pic.twitter.com/IJpshcIp63

— Jim Ferguson (@JimFergusonUK) July 25, 2023