# India’s new ban on rice exports: Potential threats to global supply, prices, and food security | IFPRI

> On July 20, India announced an immediate ban on exports of non-basmati rice to calm domestic prices, which had risen more than 30% since October 2022. The ban covers an estimated 75-80% of Indian exports, and India supplies about 40% of global rice exports.

- Date: 2023-07-25 · published 2023-07-25T12:00:00.000Z
- Category: policy · region India · magnitude high
- Page: https://feedsoft.ai/events/34967-india-s-new-ban-on-rice-exports-potential-threats-to-global-supply-prices-and
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

India's ban removes a large share of world rice supply, which is likely to push global rice prices sharply higher and could raise feed and food costs in importing countries. Lower Indian exports would also tighten the rice market for buyers worldwide.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2024-02-08 | [India’s export restrictions on rice continue to disrupt global markets, supplies, and prices \| Asia and the Pacific Food Security Portal](https://feedsoft.ai/events/31608-india-s-export-restrictions-on-rice-continue-to-disrupt-global-markets-supplies.md) | +0.7% | -5.7% |
| RICE | 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) | -2.7% | -3.4% |
| RICE | 2023-05-09 | [Global rice supplies tighten after India's July export ban](https://feedsoft.ai/events/36010-global-rice-supplies-tighten-after-india-s-july-export-ban.md) | -1.6% | -0.1% |
| RICE | 2022-08-27 | [Govt may curb export of rice to  maintain ‘food security’ \| India News](https://feedsoft.ai/events/39984-govt-may-curb-export-of-rice-to-maintain-food-security-india-news.md) | +0.4% | +0.2% |
| RICE | 2020-04-01 | [Food security fears are starting to threaten Asian rice exports \| coronavirus outbreak News - The Indian Express](https://feedsoft.ai/events/53619-food-security-fears-are-starting-to-threaten-asian-rice-exports-coronavirus.md) | +2.2% | +28.3% |

## Sources

- ifpri.org: https://www.ifpri.org/blog/indias-new-ban-rice-exports-potential-threats-global-supply-prices-and-food-security/

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