# Rice export ban justified - The HinduBusinessLine

> Commentary defends India's rice export restrictions, which began with a broken rice ban in September 2022 and a non-basmati white rice ban in July 2023. Weak monsoon rains and El Niño cut output, and India now holds about 40% of world rice exports.

- Date: 2023-12-18 · published 2023-12-18T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/32649-rice-export-ban-justified-the-hindubusinessline
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

India's large export share means its continued restrictions keep world rice prices supported and importers short of supply.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2022-09-18 | [Explained \| The ban on the export of broken rice - The Hindu](https://feedsoft.ai/events/39670-explained-the-ban-on-the-export-of-broken-rice-the-hindu.md) | -2.5% | -6.1% |
| RICE | 2018-03-19 | [Rice exporters in fear as move to hike MSP will make it expensive in global markets - The HinduBusinessLine](https://feedsoft.ai/events/65962-rice-exporters-in-fear-as-move-to-hike-msp-will-make-it-expensive-in-global.md) | -0.8% | +4.8% |
| RICE | 2024-03-12 | [Navigating India's Rice Export Ban - AgriBusiness Global](https://feedsoft.ai/events/31139-navigating-india-s-rice-export-ban-agribusiness-global.md) | +1.9% | -4.8% |
| RICE | 2022-09-22 | [India defends its decision to ban rice, wheat exports at WTO - The Hindu](https://feedsoft.ai/events/39558-india-defends-its-decision-to-ban-rice-wheat-exports-at-wto-the-hindu.md) | -1.5% | -6.5% |
| RICE | 2024-01-24 | [Why Indian traders prefer to buy rice from open market rather from FCI - The HinduBusinessLine](https://feedsoft.ai/events/32204-why-indian-traders-prefer-to-buy-rice-from-open-market-rather-from-fci-the.md) | +4.2% | +4.6% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/opinion/rice-export-ban-justified/article67651590.ece

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