# Nepal has a chance to become self-reliant on fine rice production

> India banned exports of broken rice and imposed a 20% duty on other rice grades in September 2022 to control domestic prices. Nepal's rice prices surged as it relies heavily on imported long-grain rice, and imports have since dropped sharply.

- Date: 2023-01-03 · published 2023-01-03T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/12187-nepal-has-a-chance-to-become-self-reliant-on-fine-rice-production
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

India's export restrictions tighten global rice supply and lift import prices for importing countries. Rough rice and broken rice used in feed would see firm pricing from these restrictions.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2023-09-20 | [How reliant is the world on Indian rice exports? \| Infographic News \| Al Jazeera](https://feedsoft.ai/events/34191-how-reliant-is-the-world-on-indian-rice-exports-infographic-news-al-jazeera.md) | +1.0% | -1.1% |
| RICE | 2020-07-13 | [Vientiane Authorities Set Prices Of Rice To Protect Consumers](https://feedsoft.ai/events/5292-vientiane-authorities-set-prices-of-rice-to-protect-consumers.md) | -26.8% | -28.7% |
| 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 | 2024-05-07 | [Asian Rice Market On Edge: India's Export Restrictions Propel Global Prices](https://feedsoft.ai/events/30330-asian-rice-market-on-edge-india-s-export-restrictions-propel-global-prices.md) | +1.6% | -4.5% |

## Sources

- theannapurnaexpress.com: https://theannapurnaexpress.com/story/36478/

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