# Indonesia's January drought points to lower rice harvest, higher imports

> Indonesia's January drought is expected to lower its rice harvest and raise imports. Rice prices are already near their highest since 2008 amid lower output in Thailand, Vietnam and India.

- Date: 2024-02-01 · published 2024-02-01T12:00:00.000Z
- Category: weather · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/31742-indonesia-s-january-drought-points-to-lower-rice-harvest-higher-imports
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Lower Indonesian output means more import demand on an already tight world market, supporting higher rice prices.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2021-09-21 | [Indonesia prepares measures to protect rice harvest from La Nina – Rice Today](https://feedsoft.ai/events/44988-indonesia-prepares-measures-to-protect-rice-harvest-from-la-nina-rice-today.md) | +2.0% | +0.9% |
| RICE | 2023-07-11 | [Rice Soars to Two-Year High in Asia on El Niño Drought Risks - Bloomberg](https://feedsoft.ai/events/5208-rice-soars-to-two-year-high-in-asia-on-el-nino-drought-risks-bloomberg.md) | -19.6% | -16.6% |
| RICE | 2026-07-31 | [Asia rice: Tighter supplies, crop concerns push Indian rice export prices higher](https://feedsoft.ai/events/18428-asia-rice-tighter-supplies-crop-concerns-push-indian-rice-export-prices-higher.md) | +3.1% | +7.8% |
| RICE | 2020-03-12 | [Asia Rice-Thai drought raises supply jitters, Vietnam rates at over 1-yr high](https://feedsoft.ai/events/7548-asia-rice-thai-drought-raises-supply-jitters-vietnam-rates-at-over-1-yr-high.md) | +10.1% | +10.3% |
| RICE | 2026-05-13 | [El Niño fears push rice importers to build stocks as Thailand watches drought risk](https://feedsoft.ai/events/19304-el-nino-fears-push-rice-importers-to-build-stocks-as-thailand-watches-drought.md) | +7.7% | +2.4% |

## Sources

- reuters.com: https://www.reuters.com/markets/asia/indonesias-january-drought-points-lower-rice-harvest-higher-imports-2024-02-01/

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