# How reliant is the world on Indian rice exports? | Infographic News | Al Jazeera

> Global rice prices are at their highest in 15 years, according to the FAO, following India's July 20 ban on non-basmati white rice exports. Traders say the shortage could spill over to wheat, soybeans and corn as substitutes.

- Date: 2023-09-20 · published 2023-09-20T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/34191-how-reliant-is-the-world-on-indian-rice-exports-infographic-news-al-jazeera
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

India's export ban has pushed rice to multi-year highs and may lift demand for substitute feed grains. Buyers should expect firm prices for rice and possible knock-on support for corn and wheat.

## Read by commodity

- CORN: bullish ▲
- RICE: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2022-09-11 | [What government curbs on exporting rice mean for India and the world \| Explained News - The Indian Express](https://feedsoft.ai/events/39668-what-government-curbs-on-exporting-rice-mean-for-india-and-the-world-explained.md) | +2.9% | -2.9% |
| RICE | 2018-07-14 | [MSP increase could hit non-basmati rice exports \| India News - The Indian Express](https://feedsoft.ai/events/64101-msp-increase-could-hit-non-basmati-rice-exports-india-news-the-indian-express.md) | +1.0% | -10.7% |
| RICE | 2023-02-12 | [India likely to continue curbs on wheat, rice exports \| India News](https://feedsoft.ai/events/37311-india-likely-to-continue-curbs-on-wheat-rice-exports-india-news.md) | -3.2% | -9.6% |
| RICE | 2022-09-12 | [India restricts rice export - What led to the decision and how it impacts India and the world's food security \| Times Now](https://feedsoft.ai/events/39562-india-restricts-rice-export-what-led-to-the-decision-and-how-it-impacts-india.md) | +2.9% | -2.9% |
| RICE | 2022-09-22 | [India defends its decision to ban rice, wheat exports at WTO - The Hindu](https://feedsoft.ai/events/39558-india-defends-its-decision-to-ban-rice-wheat-exports-at-wto-the-hindu.md) | -1.5% | -6.5% |
| CORN | 2023-08-31 | [Global rice supplies tighten after India’s July export ban - India Seatrade News](https://feedsoft.ai/events/34190-global-rice-supplies-tighten-after-india-s-july-export-ban-india-seatrade-news.md) | +1.5% | -6.4% |
| CORN | 2023-07-28 | [India bans exports of de-oiled rice bran after white rice \| Mint](https://feedsoft.ai/events/35131-india-bans-exports-of-de-oiled-rice-bran-after-white-rice-mint.md) | -13.3% | -14.1% |
| CORN | 2022-05-16 | [Explainer: What India's u-turn on wheat exports means for world markets](https://feedsoft.ai/events/41430-explainer-what-india-s-u-turn-on-wheat-exports-means-for-world-markets.md) | +0.1% | +0.3% |

## Sources

- aljazeera.com: https://www.aljazeera.com/news/2023/9/20/how-reliant-is-the-world-on-indian-rice-exports

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