# Grains for gold: Indian export curbs drive boom in barter smuggling

> Indian export curbs on staples such as wheat, sugar, rice, onions and pulses have fuelled barter smuggling of grains into Bangladesh, which was previously its largest grain supplier. Traders are reportedly exchanging grain for gold across the border.

- Date: 2024-12-04 · published 2024-12-04T12:00:00.000Z
- Category: trade · region India · magnitude low
- Page: https://feedsoft.ai/events/26924-grains-for-gold-indian-export-curbs-drive-boom-in-barter-smuggling
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Export restrictions are diverting grain flows into informal channels, which reduces official trade volumes and keeps Bangladesh's import demand supplied outside normal contracts.

## Read by commodity

- RICE: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2022-11-29 | [Despite curbs, Indian rice continues to be competitive in export market - The HinduBusinessLine](https://feedsoft.ai/events/38629-despite-curbs-indian-rice-continues-to-be-competitive-in-export-market-the.md) | -5.0% | +0.0% |
| RICE | 2019-01-14 | [The dynamics of India’s rice export boom - The HinduBusinessLine](https://feedsoft.ai/events/61065-the-dynamics-of-india-s-rice-export-boom-the-hindubusinessline.md) | +0.9% | -2.5% |
| RICE | 2024-01-08 | [India's agricultural exports to rise despite curbs on wheat, rice, sugar - minister](https://feedsoft.ai/events/32106-india-s-agricultural-exports-to-rise-despite-curbs-on-wheat-rice-sugar-minister.md) | -0.1% | +6.1% |
| RICE | 2024-09-18 | [Six WTO nations quiz India's export curbs on rice, wheat - The Economic Times](https://feedsoft.ai/events/28271-six-wto-nations-quiz-india-s-export-curbs-on-rice-wheat-the-economic-times.md) | -0.6% | -2.0% |
| RICE | 2022-11-15 | [Importance of agri exports — and what Govt can do to boost India’s farm trade surplus](https://feedsoft.ai/events/38632-importance-of-agri-exports-and-what-govt-can-do-to-boost-india-s-farm-trade.md) | +1.0% | -4.9% |
| WHEAT | 2020-10-19 | [Grain export 2020/21: grains supply dropped 16% — Latifundist.com](https://feedsoft.ai/events/50522-grain-export-2020-21-grains-supply-dropped-16-latifundist-com.md) | +1.2% | -1.1% |
| WHEAT | 2020-11-13 | [Corn pushed Ukrainian grain export up in October](https://feedsoft.ai/events/50009-corn-pushed-ukrainian-grain-export-up-in-october.md) | -2.7% | +4.2% |
| WHEAT | 2018-04-19 | [Strategy Grains again lowers export estimate for wheat](https://feedsoft.ai/events/65480-strategy-grains-again-lowers-export-estimate-for-wheat.md) | +0.3% | -1.2% |

## Sources

- reuters.com: https://www.reuters.com/world/india/grains-gold-indian-export-curbs-drive-boom-barter-smuggling-2024-12-04/

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