# Global food prices rise after Russia ends grain deal and India restricts rice exports | AP News

> The FAO Food Price Index rose 1.3% in July over June, driven by higher prices following Russia's exit from the Black Sea grain deal and India's restrictions on non-basmati white rice. Hoarding of rice is reported in some regions as El Niño arrives earlier than expected.

- Date: 2023-08-04 · published 2023-08-04T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/34652-global-food-prices-rise-after-russia-ends-grain-deal-and-india-restricts-rice
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A broad rise in the FAO index alongside rice export curbs points to firmer global grain and food commodity prices, supporting feed cost pressure.

## Read by commodity

- RICE: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2024-01-05 | [Global food prices fell in 2023 compared to 2022, except for sugar and rice \| PBS News](https://feedsoft.ai/events/6743-global-food-prices-fell-in-2023-compared-to-2022-except-for-sugar-and-rice-pbs.md) | +1.4% | +8.9% |
| RICE | 2023-03-02 | [Global food prices decline further in January](https://feedsoft.ai/events/12653-global-food-prices-decline-further-in-january.md) | -6.9% | +3.1% |
| RICE | 2026-05-08 | [Global food prices up for third straight month \| World Grain](https://feedsoft.ai/events/10152-global-food-prices-up-for-third-straight-month-world-grain.md) | +6.4% | +6.3% |
| RICE | 2026-06-05 | [FAO Cereal Price Index rises in May \| World Grain](https://feedsoft.ai/events/18850-fao-cereal-price-index-rises-in-may-world-grain.md) | -1.5% | +3.4% |
| RICE | 2025-04-30 | [Growing Demand for Broken Rice for Feed and Food: The Implications for Global Trade \| Economic Research Service](https://feedsoft.ai/events/25195-growing-demand-for-broken-rice-for-feed-and-food-the-implications-for-global.md) | +1.0% | +8.2% |
| WHEAT | 2026-09-04 | [FAO Food Price Index rises again \| World Grain](https://feedsoft.ai/events/17533-fao-food-price-index-rises-again-world-grain.md) | +1.4% | +0.4% |
| WHEAT | 2021-09-02 | [Global food commodity prices rebound in August](https://feedsoft.ai/events/9829-global-food-commodity-prices-rebound-in-august.md) | +1.3% | +1.1% |
| WHEAT | 2023-02-24 | [Black Sea grain exports seen moderating global grain prices \| World Grain](https://feedsoft.ai/events/37370-black-sea-grain-exports-seen-moderating-global-grain-prices-world-grain.md) | -2.9% | -8.7% |

## Sources

- apnews.com: https://apnews.com/article/global-food-prices-grain-deal-rice-exports-e253008d9c6d558a9965e84ccbaa6383

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