# Why Indian rice export ban is so important to global trade | Reuters

> India prohibited exports of non-basmati white rice with immediate effect after a late monsoon start hurt the crop and raised fears of a production shortfall. The ban follows an earlier curb on rice shipments in September 2022. The article explains India's importance to global rice trade, which exceeded 55 million tons in 2022.

- Date: 2023-07-20 · published 2023-07-20T12:00:00.000Z
- Category: policy · region India · magnitude high
- Page: https://feedsoft.ai/events/35005-why-indian-rice-export-ban-is-so-important-to-global-trade-reuters
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

With India accounting for over 40% of world rice exports, the ban removes a large share of available supply and points to higher global rice prices and import costs for feed and food buyers.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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% |
| RICE | 2024-03-12 | [Navigating India's Rice Export Ban - AgriBusiness Global](https://feedsoft.ai/events/31139-navigating-india-s-rice-export-ban-agribusiness-global.md) | +1.9% | -4.8% |
| RICE | 2022-06-06 | [Exclusive: Panicked traders step up forward Indian rice purchases after wheat export ban \| Reuters](https://feedsoft.ai/events/40903-exclusive-panicked-traders-step-up-forward-indian-rice-purchases-after-wheat.md) | -3.2% | -5.7% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/why-indian-rice-export-ban-is-so-important-global-trade-2023-07-20/

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