# Asian Rice Market On Edge: India's Export Restrictions Propel Global Prices

> Indonesia's Bulog is expected to hold a rice tender in May, with Asian exporters watching closely. Bulog has bought 1.4 million tons across four tenders in 2024 and set a 3.6 million ton import quota, down from 3.8 million, because El Niño dryness reduced Southeast Asian output.

- Date: 2024-05-07 · published 2024-05-07T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/30330-asian-rice-market-on-edge-india-s-export-restrictions-propel-global-prices
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Bulog's lower import quota and reduced regional output signal tighter Asian supply, supporting rice prices. A large Bulog tender would be a key price catalyst.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2023-11-27 | [Global rice markets face stresses from El Niño, India export restrictions](https://feedsoft.ai/events/33101-global-rice-markets-face-stresses-from-el-nino-india-export-restrictions.md) | -2.2% | -1.0% |
| RICE | 2023-10-02 | [Global rice markets face stresses from El Niño, India export restrictions \| IFPRI](https://feedsoft.ai/events/33551-global-rice-markets-face-stresses-from-el-nino-india-export-restrictions-ifpri.md) | +0.8% | +1.9% |
| RICE | 2024-02-08 | [India’s export restrictions on rice continue to disrupt global markets, supplies, and prices \| Asia and the Pacific Food Security Portal](https://feedsoft.ai/events/31608-india-s-export-restrictions-on-rice-continue-to-disrupt-global-markets-supplies.md) | +0.7% | -5.7% |
| RICE | 2024-07-20 | [Pakistan’s rice exports surge to record amid India's export restrictions](https://feedsoft.ai/events/4979-pakistan-s-rice-exports-surge-to-record-amid-india-s-export-restrictions.md) | +7.0% | +2.4% |
| RICE | 2023-10-18 | [India’s rice export restrictions need multilateral solutions](https://feedsoft.ai/events/33581-india-s-rice-export-restrictions-need-multilateral-solutions.md) | +1.6% | +5.5% |

## Sources

- ssricenews.com: https://ssricenews.com/rice-news/top-news/asian-rice-market-on-edge-indias-export-restrictions-propel-global-prices.html

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