# Rice may surge further globally on Indian export curbs, supply shortage - The HinduBusinessLine

> Indian curbs on rice exports, including the ban on white and broken rice, have caused a 2 million tonne global supply shortfall. Global carryover stocks may fall by 5-8 million tonnes, and analysts expect volatile prices. The International Grains Council says India will still be the top exporter in 2023/24, though shipments are down.

- Date: 2024-01-16 · published 2024-01-16T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/32111-rice-may-surge-further-globally-on-indian-export-curbs-supply-shortage-the
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

A supply gap and shrinking carryover stocks push global rice prices higher and increase volatility. Importers in Asia and Africa will face higher costs and tighter availability.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2024-05-15 | [India’s rice exports dip 27% in FY24 to 16.35 mt on shipment curbs    - The HinduBusinessLine](https://feedsoft.ai/events/30202-india-s-rice-exports-dip-27-in-fy24-to-16-35-mt-on-shipment-curbs-the.md) | -0.7% | -2.6% |
| RICE | 2022-04-11 | [Indian broken rice exports likely to face supply problems - The HinduBusinessLine](https://feedsoft.ai/events/41915-indian-broken-rice-exports-likely-to-face-supply-problems-the-hindubusinessline.md) | +4.9% | +4.5% |
| RICE | 2018-02-20 | [Rice exports surge on strong demand, dip in Thai stocks - The HinduBusinessLine](https://feedsoft.ai/events/66441-rice-exports-surge-on-strong-demand-dip-in-thai-stocks-the-hindubusinessline.md) | -1.0% | +2.2% |
| RICE | 2018-01-04 | [Rice, guar gum lead 11% farm goods export surge in April-Nov - The HinduBusinessLine](https://feedsoft.ai/events/66949-rice-guar-gum-lead-11-farm-goods-export-surge-in-april-nov-the-hindubusinessline.md) | +2.5% | +8.7% |
| RICE | 2022-07-05 | [As prices of parboiled rice surge, export demand for India’s broken rice picks up - The HinduBusinessLine](https://feedsoft.ai/events/40563-as-prices-of-parboiled-rice-surge-export-demand-for-india-s-broken-rice-picks.md) | +1.1% | +3.3% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/economy/agri-business/rice-may-surge-further-globally-on-indian-export-curbs-supply-shortage/article67745197.ece

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