# Swamponomics: Got Rice? - Liberty Nation News

> US consumers are panic buying rice after India's ban on non-basmati white rice exports took effect on July 27. Prices in India rose about 10% over the month. Chicago rough rice futures gained more than 4% over the past month.

- Date: 2023-07-31 · published 2023-07-31T12:00:00.000Z
- Category: policy · region US · magnitude high
- Page: https://feedsoft.ai/events/12040-swamponomics-got-rice-liberty-nation-news
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Export restrictions from the largest rice exporter and a rise in CBOT rough rice futures point to firmer global rice prices.

## 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 | The ban took effect July 27 and US consumers began panic buying, adding demand pressure and sentiment support to Chicago rough rice futures just before the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2026-01-06 | [Thai rice prices soar nationwide](https://feedsoft.ai/events/9172-thai-rice-prices-soar-nationwide.md) | +0.7% | +11.8% |
| RICE | 2019-02-05 | [OPINION: Rice Tariffication, Good Governance, and Real Food Security \| ABS-CBN News](https://feedsoft.ai/events/60172-opinion-rice-tariffication-good-governance-and-real-food-security-abs-cbn-news.md) | -3.8% | -1.9% |
| RICE | 2022-08-27 | [Govt may curb export of rice to  maintain ‘food security’ \| India News](https://feedsoft.ai/events/39984-govt-may-curb-export-of-rice-to-maintain-food-security-india-news.md) | +0.4% | +0.2% |
| RICE | 2023-02-12 | [India likely to continue curbs on wheat, rice exports \| India News](https://feedsoft.ai/events/37311-india-likely-to-continue-curbs-on-wheat-rice-exports-india-news.md) | -3.2% | -9.6% |
| RICE | 2023-08-28 | [Central govt's restrictions on rice exports puts wheat and sugar in focus \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/34529-central-govt-s-restrictions-on-rice-exports-puts-wheat-and-sugar-in-focus.md) | +6.2% | +1.1% |

## Sources

- libertynation.com: https://www.libertynation.com/swamponomics-got-rice/

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