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Rising rice prices and possible shortages in the worlds poorest countries will hinge on what major growers India, China and Thailand do to make up for millions of tons of the staple lost to floods and droughts, the USA Rice Federation said Thursday.

Meanwhile, India on Wednesday scrapped its rice import duty as the government took emergency measures to increase food stocks after the worst drought in more than 30 years cut agricultural output.

Kilde: www.worldbank.org