# Rice prices soar on back of India’s export ban

> Thai Rice Exporters Association warned of an uncertain second half of 2023 after India's export halt. The price of 5% white rice rose about $50 per tonne. Indonesia and the Philippines have applied for quota-based Indian supplies, and El Niño drought is expected in 2023 and 2024.

- Date: 2023-08-02 · published 2023-08-02T12:00:00.000Z
- Category: weather · region Thailand · magnitude medium
- Page: https://feedsoft.ai/events/12039-rice-prices-soar-on-back-of-india-s-export-ban
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Quota allocations and El Niño drought risk both point to tighter Asian rice supply, supporting higher export prices for importers.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2026-07-31 | [Asia rice: Tighter supplies, crop concerns push Indian rice export prices higher](https://feedsoft.ai/events/18428-asia-rice-tighter-supplies-crop-concerns-push-indian-rice-export-prices-higher.md) | +3.1% | +7.8% |
| RICE | 2024-04-07 | [Bangkok Post - Rice exporters predict higher prices in Q2](https://feedsoft.ai/events/10811-bangkok-post-rice-exporters-predict-higher-prices-in-q2.md) | +6.6% | +16.0% |
| RICE | 2026-09-11 | [Indian rice export prices hit one-year high amid supply concerns - The HinduBusinessLine](https://feedsoft.ai/events/17447-indian-rice-export-prices-hit-one-year-high-amid-supply-concerns-the.md) | +1.0% | +7.8% |
| RICE | 2025-12-02 | [Thai Rice Prices hit near 4-month high; India prices ease on weak demand, soft rupee \| IREF](https://feedsoft.ai/events/12732-thai-rice-prices-hit-near-4-month-high-india-prices-ease-on-weak-demand-soft.md) | -0.3% | -6.8% |
| RICE | 2018-08-09 | [Rice prices in India hold steady; low rainfall may hurt output](https://feedsoft.ai/events/8647-rice-prices-in-india-hold-steady-low-rainfall-may-hurt-output.md) | -3.1% | +1.2% |

## Sources

- nationthailand.com: https://www.nationthailand.com/thailand/economy/40029875

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