# Global 2024 staple food supplies to be strained by dry weather, export curbs | Reuters

> Reuters reports that El Nino-driven dryness, which hit large parts of Asia in 2023, is forecast to persist into the first half of 2024. Traders and officials expect Asian rice output to fall as dry planting conditions and shrinking reservoirs cut yields, putting rice, wheat and palm oil supplies at risk.

- Date: 2023-12-26 · published 2023-12-26T12:00:00.000Z
- Category: weather · region Asia · magnitude medium
- Page: https://feedsoft.ai/events/32481-global-2024-staple-food-supplies-to-be-strained-by-dry-weather-export-curbs
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower Asian rice and palm oil output and export curbs tighten global staple supplies, supporting prices for rice and palm oil and adding to feed-grain and oilseed cost pressure.

## Read by commodity

- RICE: bullish ▲
- WHEAT: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2026-04-24 | [Explainer: How El Nino could impact the world's weather in 2026/27 \| Reuters](https://feedsoft.ai/events/19629-explainer-how-el-nino-could-impact-the-world-s-weather-in-2026-27-reuters.md) | -2.0% | +18.1% |
| RICE | 2023-06-06 | [Will dry weather and export restrictions make the rice market volatile? \| The Business Standard](https://feedsoft.ai/events/35561-will-dry-weather-and-export-restrictions-make-the-rice-market-volatile-the.md) | +9.6% | +1.9% |
| RICE | 2020-03-13 | [Extreme Weather Events Expose Vulnerability of Crops Globally \| 2020-03-13  \| SupplyChainBrain](https://feedsoft.ai/events/54064-extreme-weather-events-expose-vulnerability-of-crops-globally-2020-03-13.md) | +5.9% | +10.4% |
| RICE | 2024-06-21 | [Explainer: Why food prices will remain high in India \| Reuters](https://feedsoft.ai/events/29727-explainer-why-food-prices-will-remain-high-in-india-reuters.md) | -6.9% | -20.9% |
| RICE | 2026-04-09 | [Rising Odds of Strong El Niño Point to Global Weather and Crop Impacts - Bloomberg](https://feedsoft.ai/events/19631-rising-odds-of-strong-el-nino-point-to-global-weather-and-crop-impacts-bloomberg.md) | -1.4% | +6.9% |
| PALMOIL | 2026-04-24 | [Explainer: How El Nino could impact the world's weather in 2026/27 \| Reuters](https://feedsoft.ai/events/19629-explainer-how-el-nino-could-impact-the-world-s-weather-in-2026-27-reuters.md) | -0.0% | -1.4% |
| PALMOIL | 2026-08-18 | [Explainer: Why a super El Niño leaves tropical commodities acutely exposed \| Reuters](https://feedsoft.ai/events/17827-explainer-why-a-super-el-nino-leaves-tropical-commodities-acutely-exposed.md) | +1.4% | +4.7% |
| PALMOIL | 2026-06-17 | [Explainer: Why a strong El Niño leaves tropical commodities acutely exposed \| Reuters](https://feedsoft.ai/events/18727-explainer-why-a-strong-el-nino-leaves-tropical-commodities-acutely-exposed.md) | -0.3% | -0.2% |

## Sources

- reuters.com: https://www.reuters.com/world/global-2024-staple-food-supplies-be-strained-by-dry-weather-export-curbs-2023-12-26/

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