# Why India's rice ban could trigger a global food crisis - BBC News

> India banned exports of non-basmati white rice on 20 July 2023 to curb rising domestic prices. The move triggered panic buying and empty shelves at Indian grocery stores in the US and Canada. India supplies roughly 40% of global rice trade.

- Date: 2023-08-01 · published 2023-08-01T12:00:00.000Z
- Category: policy · region India · magnitude high
- Page: https://feedsoft.ai/events/12033-why-india-s-rice-ban-could-trigger-a-global-food-crisis-bbc-news
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

India's dominance of rice exports means the ban removes a large share of world supply, pushing up international rice prices and raising import costs for buyers in Asia and Africa.

## Read by commodity

- RICE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| RICE | 2023-08-01 | 1 | +16.1% | 3.1 | India's ban on non-basmati white rice exports (about 40% of global rice trade) is a major supply shock that drove panic buying and underpins the sharp futures rally. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2023-08-31 | [Global rice supplies tighten after India’s July export ban - India Seatrade News](https://feedsoft.ai/events/34190-global-rice-supplies-tighten-after-india-s-july-export-ban-india-seatrade-news.md) | -2.7% | -3.4% |
| RICE | 2023-07-20 | [Why Indian rice export ban is so important to global trade \| Reuters](https://feedsoft.ai/events/35005-why-indian-rice-export-ban-is-so-important-to-global-trade-reuters.md) | +1.3% | -0.6% |
| RICE | 2023-07-20 | [India bans rice shipments to curb price rises - BBC News](https://feedsoft.ai/events/35007-india-bans-rice-shipments-to-curb-price-rises-bbc-news.md) | +1.3% | -0.6% |
| RICE | 2023-07-25 | [India’s new ban on rice exports: Potential threats to global supply, prices, and food security \| IFPRI](https://feedsoft.ai/events/34967-india-s-new-ban-on-rice-exports-potential-threats-to-global-supply-prices-and.md) | -4.5% | -4.2% |
| RICE | 2023-05-09 | [Global rice supplies tighten after India's July export ban](https://feedsoft.ai/events/36010-global-rice-supplies-tighten-after-india-s-july-export-ban.md) | -1.6% | -0.1% |

## Sources

- bbc.co.uk: https://www.bbc.co.uk/news/world-asia-india-66360064

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.