# India restricts rice exports, could fuel food inflation

> India banned exports of 100% broken rice and imposed a 20% duty on most other rice grades, effective September 9. Parboiled and basmati rice were excluded from the duty. Below-average monsoon rain in key producing states prompted the move to boost domestic supply.

- Date: 2022-09-09 · published 2022-09-09T12:00:00.000Z
- Category: policy · region India · magnitude high
- Page: https://feedsoft.ai/events/39557-india-restricts-rice-exports-could-fuel-food-inflation
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

India supplies over 40% of global rice shipments, so the restriction tightens world supply and pushes buyers toward Thai and Vietnamese rice. Broken rice is also used as feed, so this is likely to lift global rice prices.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2022-09-20 | [Rice Prices Might Increase if India Restricts Exports](https://feedsoft.ai/events/39666-rice-prices-might-increase-if-india-restricts-exports.md) | -1.6% | -5.5% |
| RICE | 2023-07-13 | [India Considers Banning Most Rice Exports on Inflation Fears - Bloomberg](https://feedsoft.ai/events/5094-india-considers-banning-most-rice-exports-on-inflation-fears-bloomberg.md) | -18.5% | -16.3% |
| RICE | 2024-07-29 | [After a year, India’s rice export restrictions continue to fuel high prices \| IFPRI](https://feedsoft.ai/events/29222-after-a-year-india-s-rice-export-restrictions-continue-to-fuel-high-prices-ifpri.md) | -1.9% | -1.5% |
| RICE | 2022-09-09 | [India restricts rice exports after below-average monsoon rainfall](https://feedsoft.ai/events/39559-india-restricts-rice-exports-after-below-average-monsoon-rainfall.md) | +5.0% | -0.5% |
| RICE | 2023-10-18 | [India’s rice export restrictions need multilateral solutions](https://feedsoft.ai/events/33581-india-s-rice-export-restrictions-need-multilateral-solutions.md) | +1.6% | +5.5% |

## Sources

- reuters.com: https://www.reuters.com/world/india/india-imposes-20-duty-rice-exports-various-grades-2022-09-08/

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