# After India's Driest August In Over 100 Years, More Grain Export Curbs Likely

> India recorded its lowest August rainfall since at least 1901, 36% below normal, with June-August rainfall 10% below average. The government has already restricted wheat and rice exports and imposed stockpile limits, and further export curbs are considered likely as El Niño threatens September rains.

- Date: 2023-09-01 · published 2023-09-01T12:00:00.000Z
- Category: weather · region India · magnitude high
- Page: https://feedsoft.ai/events/34049-after-india-s-driest-august-in-over-100-years-more-grain-export-curbs-likely
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A weak monsoon raises the risk of lower Indian rice, sugar and soybean output and more export curbs, which would tighten global grain and oilseed supplies and lift prices.

## Read by commodity

- SBM: bullish ▲
- RICE: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2023-10-11 | [Asia Rice Market Braces for More Stress From El Niño After Export Curbs - Bloomberg](https://feedsoft.ai/events/33694-asia-rice-market-braces-for-more-stress-from-el-nino-after-export-curbs.md) | -0.1% | +2.8% |
| RICE | 2023-08-28 | [India on track for lowest monsoon rains in 8 years -sources](https://feedsoft.ai/events/34477-india-on-track-for-lowest-monsoon-rains-in-8-years-sources.md) | +6.2% | +1.1% |
| RICE | 2023-08-18 | [Exclusive: India faces record low August rains, threatening summer crops \| Reuters](https://feedsoft.ai/events/34475-exclusive-india-faces-record-low-august-rains-threatening-summer-crops-reuters.md) | +1.2% | +4.4% |
| RICE | 2026-09-17 | [India rice output faces biggest drop in two decades, stocks cushion exports \| Reuters](https://feedsoft.ai/events/17442-india-rice-output-faces-biggest-drop-in-two-decades-stocks-cushion-exports.md) | +3.0% | +9.0% |
| RICE | 2023-12-26 | [Global 2024 staple food supplies to be strained by dry weather, export curbs \| Reuters](https://feedsoft.ai/events/32481-global-2024-staple-food-supplies-to-be-strained-by-dry-weather-export-curbs.md) | +1.4% | +2.2% |
| WHEAT | 2019-11-21 | [Drought Forces Lowest Australian Grain Harvest in More than Ten Years - The Lucas Group](https://feedsoft.ai/events/56013-drought-forces-lowest-australian-grain-harvest-in-more-than-ten-years-the-lucas.md) | +0.7% | -0.9% |
| WHEAT | 2023-12-01 | [Australia: Widespread downgrades likely after rain](https://feedsoft.ai/events/32768-australia-widespread-downgrades-likely-after-rain.md) | +1.0% | -0.2% |
| WHEAT | 2024-05-02 | [Ukraine's grain exports to drop in MY 2024-25 amid lower supply, smaller output estimate](https://feedsoft.ai/events/14302-ukraine-s-grain-exports-to-drop-in-my-2024-25-amid-lower-supply-smaller-output.md) | +2.1% | +14.9% |

## Sources

- ndtv.com: https://www.ndtv.com/india-news/after-indias-driest-august-in-over-100-years-more-grain-export-curbs-likely-4347077

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