# How India’s ban on some rice exports is ricocheting around the world | Business and Economy News | Al Jazeera

> India's July 20 ban on non-basmati white rice exports, following an earlier broken rice ban, is pushing global rice prices higher. Olam Agri reports rice trading above $650 per tonne, up from $550, while India cites domestic inflation and El Niño risks.

- Date: 2023-08-16 · published 2023-08-16T12:00:00.000Z
- Category: trade · region Global · magnitude high
- Page: https://feedsoft.ai/events/34651-how-india-s-ban-on-some-rice-exports-is-ricocheting-around-the-world-business
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Higher export quotes from major traders confirm that India's restrictions are lifting world rice values, raising procurement costs for feed and food buyers.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2019-09-07 | [Indian rice exports face threat from Asian peers, including Pakistan \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/57016-indian-rice-exports-face-threat-from-asian-peers-including-pakistan-economy-and.md) | +2.4% | -0.3% |
| RICE | 2023-07-26 | [India Rice Export Ban: Global rice markets in turmoil as India bans export of non-basmati \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/35135-india-rice-export-ban-global-rice-markets-in-turmoil-as-india-bans-export-of.md) | -0.5% | -2.8% |
| RICE | 2021-05-19 | [India exports record 20 MT of rice, wheat in FY21 - Economy News \| The Financial Express](https://feedsoft.ai/events/47045-india-exports-record-20-mt-of-rice-wheat-in-fy21-economy-news-the-financial.md) | -1.1% | -7.4% |
| RICE | 2021-06-10 | [India's agriculture exports jump 17.34% to $41.25 billion in FY21 \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/46519-india-s-agriculture-exports-jump-17-34-to-41-25-billion-in-fy21-economy-and.md) | -5.5% | -4.6% |
| RICE | 2024-02-21 | [The impact of India’s rice export restrictions on global markets, supplies and prices \| The Business Standard](https://feedsoft.ai/events/31740-the-impact-of-india-s-rice-export-restrictions-on-global-markets-supplies-and.md) | -1.0% | -2.4% |

## Sources

- aljazeera.com: https://www.aljazeera.com/economy/2023/8/16/how-indias-ban-on-some-rice-exports-is-ricocheting-around-the-world

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