# Exclusive: India's rice-export curbs put contracts for 2 million tons at risk, dealers say

> Dealers say India's rice export curbs put contracts for about 2 million tons at risk. Traders had not expected restrictions so soon. Some buyers may invoke force majeure clauses to avoid their obligations.

- Date: 2023-07-21 · published 2023-07-21T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/35009-exclusive-india-s-rice-export-curbs-put-contracts-for-2-million-tons-at-risk
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Contract defaults and force majeure claims could disrupt rice flows and leave importers scrambling for alternative supply, supporting higher prices in the short term.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2024-02-27 | [Exclusive: Vietnam imports husked brown rice from India for re-exports, sources say](https://feedsoft.ai/events/31737-exclusive-vietnam-imports-husked-brown-rice-from-india-for-re-exports-sources.md) | -1.8% | -6.8% |
| RICE | 2023-01-31 | [Export curbs fail to arrest India's booming rice shipments, sources say \| MalaysiaNow](https://feedsoft.ai/events/37315-export-curbs-fail-to-arrest-india-s-booming-rice-shipments-sources-say.md) | -3.2% | -6.3% |
| RICE | 2021-02-25 | [As more buyers queue up for Indian rice, 2020-21 exports set to top 16 million tonnes  - The HinduBusinessLine](https://feedsoft.ai/events/48583-as-more-buyers-queue-up-for-indian-rice-2020-21-exports-set-to-top-16-million.md) | +2.3% | +4.1% |
| RICE | 2024-05-15 | [India’s rice exports dip 27% in FY24 to 16.35 mt on shipment curbs    - The HinduBusinessLine](https://feedsoft.ai/events/30202-india-s-rice-exports-dip-27-in-fy24-to-16-35-mt-on-shipment-curbs-the.md) | -0.7% | -2.6% |
| RICE | 2024-01-30 | [Indian curbs to propel Pakistan's rice exports towards record high \| Reuters](https://feedsoft.ai/events/32202-indian-curbs-to-propel-pakistan-s-rice-exports-towards-record-high-reuters.md) | +1.2% | -0.6% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/indias-rice-export-curbs-puts-contracts-2-mln-tons-risk-trade-2023-07-21/

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