# India’s role as key supplier in global grains market has shrunk, says USDA - The HinduBusinessLine

> A USDA report says India's share of global grain trade has shrunk, with corn exports down 86%, rice down 20% and wheat down 90% from 2020-21 to 2023-24. India is likely to become a net corn importer for the first time this century.

- Date: 2024-08-14 · published 2024-08-14T12:00:00.000Z
- Category: report · region India · magnitude medium
- Page: https://feedsoft.ai/events/28730-india-s-role-as-key-supplier-in-global-grains-market-has-shrunk-says-usda-the
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Less Indian supply of corn, rice and wheat leaves the world market tighter, while growing Indian corn demand adds upward pressure on prices.

## Read by commodity

- CORN: bullish ▲
- RICE: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-01-15 | [Corn set for biggest weekly gain since July as global supplies tighten - Markets - Business Recorder](https://feedsoft.ai/events/49183-corn-set-for-biggest-weekly-gain-since-july-as-global-supplies-tighten-markets.md) | -0.1% | +3.6% |
| CORN | 2021-08-13 | [USDA surprise report is a market game changer - HighLine Grain Growers, Inc](https://feedsoft.ai/events/45504-usda-surprise-report-is-a-market-game-changer-highline-grain-growers-inc.md) | -1.7% | -9.0% |
| CORN | 2020-01-13 | [Excess monsoon trims kharif rice production by 8%, says NBHC - The HinduBusinessLine](https://feedsoft.ai/events/55053-excess-monsoon-trims-kharif-rice-production-by-8-says-nbhc-the-hindubusinessline.md) | +0.6% | -0.6% |
| CORN | 2022-11-09 | [GRAINS-Wheat Drops as USDA Raises Global Supply View; Corn, Soybeans Firm](https://feedsoft.ai/events/38644-grains-wheat-drops-as-usda-raises-global-supply-view-corn-soybeans-firm.md) | +1.6% | -5.7% |
| CORN | 2021-02-22 | [USDA supply outlook pushes soybeans to second session of gains - Markets - Business Recorder](https://feedsoft.ai/events/48687-usda-supply-outlook-pushes-soybeans-to-second-session-of-gains-markets-business.md) | +1.6% | -3.4% |
| RICE | 2022-09-14 | [India’s ban will end trade in broken rice, says USDA - The HinduBusinessLine](https://feedsoft.ai/events/39671-india-s-ban-will-end-trade-in-broken-rice-says-usda-the-hindubusinessline.md) | +1.2% | -4.6% |
| RICE | 2018-09-30 | [Farm exports rise 5% in April-August - The HinduBusinessLine](https://feedsoft.ai/events/62998-farm-exports-rise-5-in-april-august-the-hindubusinessline.md) | +10.6% | +9.7% |
| RICE | 2020-01-13 | [Excess monsoon trims kharif rice production by 8%, says NBHC - The HinduBusinessLine](https://feedsoft.ai/events/55053-excess-monsoon-trims-kharif-rice-production-by-8-says-nbhc-the-hindubusinessline.md) | +3.4% | +4.7% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/economy/agri-business/indias-role-as-key-supplier-in-global-grains-market-has-shrunk-says-usda/article68521877.ece

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