Rice prices hit 11-year high as Indian export ban fuels supply fears

After 168 past bullish policy events, Rough Rice moved a median +0.8% over 5 sessions (57% higher; middle half -1.7% to +2.1%), and -0.4% over 20.

• Jul 29, 2024After a year, India’s rice export restrictions continue to fuel high prices | IFPRI-1.9%
• May 9, 2023Global rice supplies tighten after India's July export ban-1.6%
• Jul 25, 2023India’s new ban on rice exports: Potential threats to global supply, prices, and food security | IFPRI-4.5%
• Aug 31, 2023Global rice supplies tighten after India’s July export ban - India Seatrade News-2.7%
• Aug 25, 2026INDIA IMPOSES MAJOR RICE EXPORT BAN, TRIGGERING INFLATION FEARS+4.8%

After 182 past bullish policy events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.9% to +1.4%), and -0.3% over 20.

• Apr 16, 2020Romania's wheat export ban triggers supply chain concerns in Asia/Middle East, boosts prices-1.8%
• May 16, 2022India bans wheat exports as heat wave hurts crop, domestic prices soar | Reuters+4.0%
• May 31, 2024India supplies only 3.7% of export restricted food commodities to countries committed two years ago | Mint-5.3%
• Sep 22, 2022India defends its decision to ban rice, wheat exports at WTO - The Hindu-0.2%
• Apr 1, 2020Food security fears are starting to threaten Asian rice exports | coronavirus outbreak News - The Indian Express+1.6%