# Global rice prices up 7% in a month on high demand, low supplies - The HinduBusinessLine

> Global rice prices rose 7-8% in the past month to a 15-year high, traders and exporters said, as end-of-season supply tightened. India's ban on white and broken rice shipments has left an estimated 16 million tonnes short in the global market, nearly a third of annual trade.

- Date: 2023-12-27 · published 2023-12-27T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/32789-global-rice-prices-up-7-in-a-month-on-high-demand-low-supplies-the
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

With India restricting exports and supply thin, buyers of broken rice and rice byproducts face firm prices and little near-term relief. Feed-grade rice byproduct costs are likely to stay elevated.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2022-10-11 | [Global rice prices are now at an 18-month high](https://feedsoft.ai/events/39207-global-rice-prices-are-now-at-an-18-month-high.md) | -0.3% | +4.2% |
| 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 | 2022-01-21 | [Grain-based ethanol manufacturers demand dual pricing for maize, rice feedstock - The HinduBusinessLine](https://feedsoft.ai/events/43134-grain-based-ethanol-manufacturers-demand-dual-pricing-for-maize-rice-feedstock.md) | +1.3% | +0.9% |
| RICE | 2024-07-01 | [PHL tariff cuts could pressure global rice supply, prices — BMI - BusinessWorld Online](https://feedsoft.ai/events/29326-phl-tariff-cuts-could-pressure-global-rice-supply-prices-bmi-businessworld.md) | +0.6% | -10.3% |
| 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% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/economy/agri-business/global-rice-prices-up-7-in-a-month-on-high-demand-low-supplies/article67676629.ece

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