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

> An IFPRI analysis dated October 2, 2023 says India's July ban on non-basmati rice exports, plus later surcharges and minimum prices, has pushed benchmark Thai rice up 14%, Vietnamese rice up 22% and Indian white rice up 12%. Myanmar also banned exports, and the Philippines set retail price ceilings. El Niño adds further threat to Asian rice output.

- Date: 2023-10-02 · published 2023-10-02T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/33551-global-rice-markets-face-stresses-from-el-nino-india-export-restrictions-ifpri
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Export restrictions by India and Myanmar remove a large share of world rice trade, which keeps international rice prices elevated. Rough rice prices are likely to stay firm while the restrictions and El Niño risk persist.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2023-11-27 | [Global rice markets face stresses from El Niño, India export restrictions](https://feedsoft.ai/events/33101-global-rice-markets-face-stresses-from-el-nino-india-export-restrictions.md) | -2.2% | -1.0% |
| 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 | 2024-07-29 | [After a year, India’s rice export restrictions continue to fuel high prices \| IFPRI](https://feedsoft.ai/events/29222-after-a-year-india-s-rice-export-restrictions-continue-to-fuel-high-prices-ifpri.md) | -1.9% | -1.5% |
| 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% |

## Sources

- ifpri.org: https://www.ifpri.org/blog/global-rice-markets-face-stresses-el-nino-india-export-restrictions/

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