# Domino effect: India rice export ban puts market on edge for copycat curbs | Reuters

> Global rice buyers are bracing for copycat export restrictions by other rice suppliers after India's ban. Sellers are trying to fill a gap of roughly 10 million tonnes. Rival suppliers could raise exports by about 3 million tonnes, but other producers may limit shipments as local prices rally.

- Date: 2023-08-11 · published 2023-08-11T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/34533-domino-effect-india-rice-export-ban-puts-market-on-edge-for-copycat-curbs
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Possible restrictions from other producers would tighten global rice supply further and raise food inflation risks. Rice prices are likely to remain firm while the uncertainty lasts.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2022-08-26 | [India considers curbs on exports of 100% broken rice \| Reuters](https://feedsoft.ai/events/39983-india-considers-curbs-on-exports-of-100-broken-rice-reuters.md) | +1.3% | +1.3% |
| RICE | 2023-11-01 | [India's smaller rice crop paves way for prolonged export curbs \| Reuters](https://feedsoft.ai/events/33134-india-s-smaller-rice-crop-paves-way-for-prolonged-export-curbs-reuters.md) | +1.2% | +8.0% |
| RICE | 2023-08-25 | [India expands curbs on rice exports with 20% duty on parboiled grade \| Reuters](https://feedsoft.ai/events/34530-india-expands-curbs-on-rice-exports-with-20-duty-on-parboiled-grade-reuters.md) | +6.8% | +0.7% |
| 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 | 2023-07-20 | [India imposes major rice export ban, triggering inflation fears \| Reuters](https://feedsoft.ai/events/35004-india-imposes-major-rice-export-ban-triggering-inflation-fears-reuters.md) | +1.3% | -0.6% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/domino-effect-india-rice-export-ban-puts-market-edge-copycat-curbs-2023-08-11/

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