# Asia Rice Market Braces for More Stress From El Niño After Export Curbs - Bloomberg

> Asian rice markets face further stress from El Niño after India's export restrictions. Drier weather threatens production and could tighten global supply. Prices have cooled recently from near 15-year highs.

- Date: 2023-10-11 · published 2023-10-11T12:00:00.000Z
- Category: weather · region Asia · magnitude medium
- Page: https://feedsoft.ai/events/33694-asia-rice-market-braces-for-more-stress-from-el-nino-after-export-curbs
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Potential El Niño crop losses in Asia could tighten global rice supply and support prices if production falls further after India's export curbs.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2023-05-15 | [Rice markets in South and Southeast Asia face stresses from El Niño, export restrictions \| IFPRI](https://feedsoft.ai/events/35867-rice-markets-in-south-and-southeast-asia-face-stresses-from-el-nino-export.md) | -6.6% | +7.6% |
| RICE | 2023-08-02 | [Rice Supply Faces New Threat as Thailand Urges Crop Curbs - Bloomberg](https://feedsoft.ai/events/12036-rice-supply-faces-new-threat-as-thailand-urges-crop-curbs-bloomberg.md) | +0.3% | +4.4% |
| RICE | 2023-07-11 | [Rice Soars to Two-Year High in Asia on El Niño Drought Risks - Bloomberg](https://feedsoft.ai/events/5208-rice-soars-to-two-year-high-in-asia-on-el-nino-drought-risks-bloomberg.md) | -19.6% | -16.6% |
| RICE | 2023-08-30 | [From rice to palm oil, Asian crops output forecast lower as El Nino strengthens](https://feedsoft.ai/events/34470-from-rice-to-palm-oil-asian-crops-output-forecast-lower-as-el-nino-strengthens.md) | +1.2% | -2.2% |
| RICE | 2023-09-06 | [From rice to palm oil, crop output forecasts for Asia-Pacific lower as El Nino strengthens \| The Straits Times](https://feedsoft.ai/events/33998-from-rice-to-palm-oil-crop-output-forecasts-for-asia-pacific-lower-as-el-nino.md) | -6.2% | -6.5% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2023-10-11/rice-market-braces-for-more-stress-as-el-nino-starts-to-bite

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