# Top rice exporter India bans most shipments as late monsoon hits crop | India News - Business Standard

> India banned exports of non-basmati white rice with immediate effect, citing a 3% monthly rise in retail prices after monsoon rains damaged crops. Exporters said the move could affect global markets as much as the Ukraine war affected wheat. India already extended its wheat export ban and capped sugar exports this year.

- Date: 2023-07-20 · published 2023-07-20T12:00:00.000Z
- Category: policy · region India · magnitude high
- Page: https://feedsoft.ai/events/35008-top-rice-exporter-india-bans-most-shipments-as-late-monsoon-hits-crop-india
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Low global inventories mean the cut in Indian shipments is likely to lift international rice prices and raise costs for feed and food importers.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2023-12-21 | [India's agri exports may stay flat in FY24 due to ban on wheat, rice, sugar \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/32644-india-s-agri-exports-may-stay-flat-in-fy24-due-to-ban-on-wheat-rice-sugar.md) | -1.2% | +1.2% |
| RICE | 2018-07-14 | [MSP hike in Kharif crops may dent India's farm exports in long term \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/63991-msp-hike-in-kharif-crops-may-dent-india-s-farm-exports-in-long-term-economy-and.md) | +1.0% | -10.7% |
| RICE | 2023-07-20 | [India bans rice shipments to curb price rises - BBC News](https://feedsoft.ai/events/35007-india-bans-rice-shipments-to-curb-price-rises-bbc-news.md) | +1.3% | -0.6% |
| RICE | 2023-10-30 | [India's rice export restrictions are pushing global south towards a crisis \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/33578-india-s-rice-export-restrictions-are-pushing-global-south-towards-a-crisis.md) | -0.0% | +6.3% |
| RICE | 2019-07-29 | [India's non-basmati rice export falls after govt withdraws tax incentive \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/58049-india-s-non-basmati-rice-export-falls-after-govt-withdraws-tax-incentive.md) | -4.0% | -10.0% |

## Sources

- business-standard.com: https://www.business-standard.com/india-news/top-rice-exporter-india-bans-most-shipments-as-late-monsoon-hits-crop-123072001077_1.html

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