# Global rice markets face stresses from El Niño, India export restrictions

> IFPRI reports that global rice prices have risen since India banned non-basmati exports on July 20, with Thai prices up 14% and Vietnamese prices up 22%. Myanmar also banned exports, and the Philippines set retail price ceilings. A strengthening El Niño is raising fears of further output losses in South and Southeast Asia, which together account for about 58% of world production.

- Date: 2023-11-27 · published 2023-11-27T12:00:00.000Z
- Category: policy · region Asia · magnitude medium
- Page: https://feedsoft.ai/events/33101-global-rice-markets-face-stresses-from-el-nino-india-export-restrictions
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Export restrictions by major exporters cut global rice availability, and El Niño threatens yields in key producing regions, so prices are likely to stay firm or rise. Buyers should expect elevated rice costs.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2023-10-02 | [Global rice markets face stresses from El Niño, India export restrictions \| IFPRI](https://feedsoft.ai/events/33551-global-rice-markets-face-stresses-from-el-nino-india-export-restrictions-ifpri.md) | +0.8% | +1.9% |
| RICE | 2024-05-07 | [Asian Rice Market On Edge: India's Export Restrictions Propel Global Prices](https://feedsoft.ai/events/30330-asian-rice-market-on-edge-india-s-export-restrictions-propel-global-prices.md) | +1.6% | -4.5% |
| RICE | 2023-10-18 | [India’s rice export restrictions need multilateral solutions](https://feedsoft.ai/events/33581-india-s-rice-export-restrictions-need-multilateral-solutions.md) | +1.6% | +5.5% |
| RICE | 2024-05-07 | [INDIA ELECTIONS: Restrictive steps for wheat, rice exports may persist amid sticky inflation \| S&P Global](https://feedsoft.ai/events/30206-india-elections-restrictive-steps-for-wheat-rice-exports-may-persist-amid.md) | +1.6% | -4.5% |
| RICE | 2024-02-08 | [India’s export restrictions on rice continue to disrupt global markets, supplies, and prices \| Asia and the Pacific Food Security Portal](https://feedsoft.ai/events/31608-india-s-export-restrictions-on-rice-continue-to-disrupt-global-markets-supplies.md) | +0.7% | -5.7% |

## Sources

- southasia.ifpri.info: https://southasia.ifpri.info/2023/11/27/global-rice-markets-face-stresses-from-el-nino-india-export-restrictions/

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