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

> International rice prices reached multi-year highs after India's July 20 ban on most non-basmati white rice exports. Wheat prices also rose sharply amid Russia's war in Ukraine. Analysts warn of rising food inflation.

- Date: 2023-08-03 · published 2023-08-03T12:00:00.000Z
- Category: policy · region Global · magnitude high
- Page: https://feedsoft.ai/events/12034-rice-prices-hit-11-year-high-as-indian-export-ban-fuels-supply-fears-nikkei-asia
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Export restrictions from the largest exporter tighten global rice supply and feed into broader agflation, lifting feed-grain cost expectations for importers.

## Read by commodity

- RICE: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2024-07-29 | [After a year, India’s rice export restrictions continue to fuel high prices \| IFPRI](https://feedsoft.ai/events/29222-after-a-year-india-s-rice-export-restrictions-continue-to-fuel-high-prices-ifpri.md) | -1.9% | -1.5% |
| 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% |
| 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 | 2023-08-31 | [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 | 2026-08-25 | [INDIA IMPOSES MAJOR RICE EXPORT BAN, TRIGGERING INFLATION FEARS](https://feedsoft.ai/events/17882-india-imposes-major-rice-export-ban-triggering-inflation-fears.md) | +4.8% | +10.1% |
| WHEAT | 2020-04-16 | [Romania's wheat export ban triggers supply chain concerns in Asia/Middle East, boosts prices](https://feedsoft.ai/events/53537-romania-s-wheat-export-ban-triggers-supply-chain-concerns-in-asia-middle-east.md) | -1.8% | -2.2% |
| WHEAT | 2022-05-16 | [India bans wheat exports as heat wave hurts crop, domestic prices soar \| Reuters](https://feedsoft.ai/events/41364-india-bans-wheat-exports-as-heat-wave-hurts-crop-domestic-prices-soar-reuters.md) | +4.0% | -0.3% |
| WHEAT | 2024-05-31 | [India supplies only 3.7% of export restricted food commodities to countries committed two years ago \| Mint](https://feedsoft.ai/events/30204-india-supplies-only-3-7-of-export-restricted-food-commodities-to-countries.md) | -5.3% | -10.5% |

## Sources

- asia.nikkei.com: https://asia.nikkei.com/business/markets/commodities/rice-prices-hit-11-year-high-as-indian-export-ban-fuels-supply-fears

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