# Tackling Food Inflation | Economic and Political Weekly

> An Economic and Political Weekly analysis says retail inflation reached 6.83% in August 2023, above the Reserve Bank of India's 6% upper limit, with food prices driving much of the rise. It describes measures taken so far, including the non-basmati white rice export ban, the wheat export ban and stock limits, and a 20% duty on parboiled rice.

- Date: 2023-11-03 · published 2023-11-03T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/33138-tackling-food-inflation-economic-and-political-weekly
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Continued use of export bans and stock limits to contain food inflation keeps Indian rice and wheat off world markets, which is the key policy risk for global grain prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2024-01-19 | [Is India’s Agricultural Export Policy Ambiguous? \| Economic and Political Weekly](https://feedsoft.ai/events/32108-is-india-s-agricultural-export-policy-ambiguous-economic-and-political-weekly.md) | +2.1% | +5.9% |
| RICE | 2025-02-15 | [Feedstock economics and policy implications for India’s ethanol sector - The HinduBusinessLine](https://feedsoft.ai/events/26056-feedstock-economics-and-policy-implications-for-india-s-ethanol-sector-the.md) | -4.1% | -3.8% |
| RICE | 2020-05-08 | [Focus on food security amid the pandemic - IndBiz \| Economic Diplomacy Division \| IndBiz \| Economic Diplomacy Division](https://feedsoft.ai/events/53105-focus-on-food-security-amid-the-pandemic-indbiz-economic-diplomacy-division.md) | +3.4% | +22.0% |
| RICE | 2021-11-17 | [India to pitch for permanent solution for food security in WTO meet \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/44023-india-to-pitch-for-permanent-solution-for-food-security-in-wto-meet-economy-and.md) | +1.6% | -4.1% |
| RICE | 2022-09-09 | [India restricts rice exports, could fuel food inflation](https://feedsoft.ai/events/39557-india-restricts-rice-exports-could-fuel-food-inflation.md) | +5.0% | -0.5% |
| WHEAT | 2024-01-19 | [Is India’s Agricultural Export Policy Ambiguous? \| Economic and Political Weekly](https://feedsoft.ai/events/32108-is-india-s-agricultural-export-policy-ambiguous-economic-and-political-weekly.md) | -0.0% | -6.2% |
| WHEAT | 2022-06-27 | [Food export bans, from India to Argentina, risk fueling inflation](https://feedsoft.ai/events/14025-food-export-bans-from-india-to-argentina-risk-fueling-inflation.md) | +1.0% | -4.8% |
| WHEAT | 2020-05-08 | [Focus on food security amid the pandemic - IndBiz \| Economic Diplomacy Division \| IndBiz \| Economic Diplomacy Division](https://feedsoft.ai/events/53105-focus-on-food-security-amid-the-pandemic-indbiz-economic-diplomacy-division.md) | -2.3% | -0.9% |

## Sources

- epw.in: https://www.epw.in/journal/2023/44/perspectives/tackling-food-inflation.html

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