# India restricts rice exports after below-average monsoon rainfall

> India banned broken rice exports and imposed a 20% duty on most rice grades, excluding parboiled and basmati. The measures follow below-average monsoon rainfall that cut planting and caused an estimated 5.6% year-on-year fall in production. Nomura's estimate was cited as the basis for the production decline.

- Date: 2022-09-09 · published 2022-09-09T12:00:00.000Z
- Category: policy · region India · magnitude high
- Page: https://feedsoft.ai/events/39559-india-restricts-rice-exports-after-below-average-monsoon-rainfall
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

As the largest rice exporter, India's restrictions reduce global supply and make the new duty likely to shift demand toward Thailand and Vietnam. This should lift international rice prices.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2022-09-09 | [India restricts rice exports, could fuel food inflation](https://feedsoft.ai/events/39557-india-restricts-rice-exports-could-fuel-food-inflation.md) | +5.0% | -0.5% |
| 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 | 2023-10-18 | [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% |
| RICE | 2024-07-20 | [Pakistan’s rice exports surge to record amid India's export restrictions](https://feedsoft.ai/events/4979-pakistan-s-rice-exports-surge-to-record-amid-india-s-export-restrictions.md) | +7.0% | +2.4% |
| 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% |

## Sources

- cnbc.com: https://www.cnbc.com/2022/09/09/india-restricts-rice-exports-after-below-average-monsoon-rainfall.html

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