# Rice to get costlier as weather, India's farm perks threaten supply

> Global rice prices reached 11-year highs in early July, and India moved to boost farmer payments. El Niño threatens yields in key producers, and India accounts for over 40% of world rice exports of 56 million tonnes in 2022.

- Date: 2023-07-06 · published 2023-07-06T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/35133-rice-to-get-costlier-as-weather-india-s-farm-perks-threaten-supply
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Low inventories mean any Indian export cut would amplify price gains, and El Niño adds weather risk to supply. Buyers should expect firmer rice and staple prices.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2017-10-19 | [Rice prices up in India, Vietnam as rains dampen crop supply](https://feedsoft.ai/events/68535-rice-prices-up-in-india-vietnam-as-rains-dampen-crop-supply.md) | -2.3% | +1.2% |
| RICE | 2026-07-31 | [Asia rice: Tighter supplies, crop concerns push Indian rice export prices higher](https://feedsoft.ai/events/18428-asia-rice-tighter-supplies-crop-concerns-push-indian-rice-export-prices-higher.md) | +3.1% | +7.8% |
| RICE | 2023-08-02 | [Rice Supply Faces New Threat as Thailand Urges Crop Curbs - Bloomberg](https://feedsoft.ai/events/12036-rice-supply-faces-new-threat-as-thailand-urges-crop-curbs-bloomberg.md) | +0.3% | +4.4% |
| RICE | 2023-04-17 | [DA assures stable rice supply amid El Niño threat](https://feedsoft.ai/events/36490-da-assures-stable-rice-supply-amid-el-nino-threat.md) | -2.7% | +5.1% |
| RICE | 2020-03-19 | [Asia Rice-Thai, Vietnam rates jump as virus spread raises supply concerns \| Financial Post](https://feedsoft.ai/events/8697-asia-rice-thai-vietnam-rates-jump-as-virus-spread-raises-supply-concerns.md) | -4.7% | +0.2% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/rice-get-costlier-weather-indias-farm-perks-threaten-supply-2023-07-06/

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