# Export bans, restrictions: How government is trying to keep food prices in check ahead of elections

> India has restricted or banned exports of onions, wheat, rice, sugar and pulses ahead of the first phase of national elections on April 19, 2024. Food inflation rose to 8.66 percent in February while FAO's global food price index fell 7.7 percent year on year in March.

- Date: 2024-04-12 · published 2024-04-12T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/30688-export-bans-restrictions-how-government-is-trying-to-keep-food-prices-in-check
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

The broad set of Indian export curbs on staples limits global supply and supports international grain prices, though the reported global food index decline points to softer overall food price pressure.

## Read by commodity

- RICE: bullish ▲
- WHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| RICE | 2024-04-14 | 5 | +10.3% | 3.1 | India's export bans and restrictions on rice ahead of elections limit global supply and support international rice prices. |
| RICE | 2024-04-14 | 1 | +6.4% | 4.9 | India's export bans and restrictions on rice and other foods ahead of elections constrain global supply and support international rice prices. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2024-04-07 | [Govt rushes to keep food prices in check during elections - The HinduBusinessLine](https://feedsoft.ai/events/30687-govt-rushes-to-keep-food-prices-in-check-during-elections-the-hindubusinessline.md) | +6.6% | +16.0% |
| 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 | 2022-06-30 | [The government temporarily restricted the export of rice and feed amino acids](https://feedsoft.ai/events/41279-the-government-temporarily-restricted-the-export-of-rice-and-feed-amino-acids.md) | -1.9% | +3.5% |
| RICE | 2023-07-20 | [Centre bans export of non-basmati white rice to check price rise - The Hindu](https://feedsoft.ai/events/35006-centre-bans-export-of-non-basmati-white-rice-to-check-price-rise-the-hindu.md) | +1.3% | -0.6% |
| 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% |
| WHEAT | 2024-04-07 | [Govt rushes to keep food prices in check during elections - The HinduBusinessLine](https://feedsoft.ai/events/30687-govt-rushes-to-keep-food-prices-in-check-during-elections-the-hindubusinessline.md) | +3.2% | +1.3% |
| WHEAT | 2025-05-21 | [Food inflation in mind, Centre holds off wheat export ban rollbac k ahead of polls, festivals \| Today News](https://feedsoft.ai/events/24618-food-inflation-in-mind-centre-holds-off-wheat-export-ban-rollbac-k-ahead-of.md) | -0.4% | +1.4% |
| WHEAT | 2023-12-08 | [Ban on onion exports, curbs on wheat stocks as govt. battles rising food prices \| Mint](https://feedsoft.ai/events/32650-ban-on-onion-exports-curbs-on-wheat-stocks-as-govt-battles-rising-food-prices.md) | -4.0% | +1.2% |

## Sources

- downtoearth.org.in: https://www.downtoearth.org.in/governance/export-bans-restrictions-how-government-is-trying-to-keep-food-prices-in-check-ahead-of-elections-95532

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