# Rice markets in South and Southeast Asia face stresses from El Niño, export restrictions | IFPRI

> An IFPRI analysis said rice prices have risen 20% to 30% since September 2022, partly due to floods in Pakistan. Global rice stocks fell about 5% year over year and are projected to reach their lowest level since 2017/18. The authors flagged El Niño and a positive Indian Ocean Dipole as risks to South and Southeast Asian output.

- Date: 2023-05-15 · published 2023-05-15T12:00:00.000Z
- Category: weather · region South and Southeast Asia · magnitude medium
- Page: https://feedsoft.ai/events/35867-rice-markets-in-south-and-southeast-asia-face-stresses-from-el-nino-export
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Tightening rice stocks combined with El Niño-related production risk in Asia could push rice prices higher and encourage further export restrictions, adding to upward pressure on prices.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2023-10-11 | [Asia Rice Market Braces for More Stress From El Niño After Export Curbs - Bloomberg](https://feedsoft.ai/events/33694-asia-rice-market-braces-for-more-stress-from-el-nino-after-export-curbs.md) | -0.1% | +2.8% |
| RICE | 2023-06-06 | [Will dry weather and export restrictions make the rice market volatile? \| The Business Standard](https://feedsoft.ai/events/35561-will-dry-weather-and-export-restrictions-make-the-rice-market-volatile-the.md) | +9.6% | +1.9% |
| RICE | 2023-07-12 | [2023/53 “Rice Production and Food Security in Southeast Asia under Threat from El Niño” by Elyssa Ludher and Paul Teng – ISEAS – Yusof Ishak Institute](https://feedsoft.ai/events/5209-2023-53-rice-production-and-food-security-in-southeast-asia-under-threat-from.md) | -18.7% | -17.1% |
| RICE | 2024-01-05 | [El Niño exit leaves a lasting impact on Southeast Asia's agricultural systems, stressing the need for preventive measures](https://feedsoft.ai/events/32045-el-nino-exit-leaves-a-lasting-impact-on-southeast-asia-s-agricultural-systems.md) | +1.4% | +8.9% |
| RICE | 2023-08-30 | [From rice to palm oil, Asian crops output forecast lower as El Nino strengthens](https://feedsoft.ai/events/34470-from-rice-to-palm-oil-asian-crops-output-forecast-lower-as-el-nino-strengthens.md) | +1.2% | -2.2% |

## Sources

- ifpri.org: https://www.ifpri.org/blog/rice-markets-south-and-southeast-asia-face-stresses-el-nino-export-restrictions/

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