# India bans rice shipments to curb price rises - BBC News

> India outlawed exports of non-basmati white rice to head off domestic price spikes after heavy rains damaged crops. Retail rice prices had risen more than 11% over 12 months. Basmati and other exemptions remain, and authorities will consider food-security requests from other countries.

- Date: 2023-07-20 · published 2023-07-20T12:00:00.000Z
- Category: policy · region India · magnitude high
- Page: https://feedsoft.ai/events/35007-india-bans-rice-shipments-to-curb-price-rises-bbc-news
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Non-basmati white rice is about a quarter of India's exports, so the ban is likely to push up global rice prices, particularly for importers in Asia and Africa.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2023-05-24 | [Ban on wheat exports, curbs on rice shipments to stay](https://feedsoft.ai/events/35894-ban-on-wheat-exports-curbs-on-rice-shipments-to-stay.md) | +3.6% | +5.5% |
| RICE | 2023-07-20 | [Top rice exporter India bans most shipments as late monsoon hits crop \| India News - Business Standard](https://feedsoft.ai/events/35008-top-rice-exporter-india-bans-most-shipments-as-late-monsoon-hits-crop-india.md) | +1.3% | -0.6% |
| RICE | 2023-08-01 | [Why India's rice ban could trigger a global food crisis - BBC News](https://feedsoft.ai/events/12033-why-india-s-rice-ban-could-trigger-a-global-food-crisis-bbc-news.md) | +2.9% | +3.9% |
| RICE | 2023-02-12 | [India likely to continue curbs on wheat, rice exports \| India News](https://feedsoft.ai/events/37311-india-likely-to-continue-curbs-on-wheat-rice-exports-india-news.md) | -3.2% | -9.6% |
| 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% |

## Sources

- bbc.co.uk: https://www.bbc.co.uk/news/business-66260414

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