# India's rice curbs to lift prices, stoke food inflation worries | Reuters

> India banned broken rice exports and imposed a 20% duty on other rice grades, with the duty effective September 9. The government is trying to augment supply and calm domestic prices after below-average monsoon rainfall reduced planting. Basmati and parboiled rice were excluded.

- Date: 2022-09-09 · published 2022-09-09T12:00:00.000Z
- Category: policy · region India · magnitude high
- Page: https://feedsoft.ai/events/39561-india-s-rice-curbs-to-lift-prices-stoke-food-inflation-worries-reuters
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

The restriction reduces exports from the world's largest rice exporter, so international rice prices are likely to rise. Buyers may turn to Thai and Vietnamese supplies.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2023-11-01 | [India's smaller rice crop paves way for prolonged export curbs \| Reuters](https://feedsoft.ai/events/33134-india-s-smaller-rice-crop-paves-way-for-prolonged-export-curbs-reuters.md) | +1.2% | +8.0% |
| 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 | 2023-07-20 | [India imposes major rice export ban, triggering inflation fears \| Reuters](https://feedsoft.ai/events/35004-india-imposes-major-rice-export-ban-triggering-inflation-fears-reuters.md) | +1.3% | -0.6% |
| RICE | 2022-08-26 | [India considers curbs on exports of 100% broken rice \| Reuters](https://feedsoft.ai/events/39983-india-considers-curbs-on-exports-of-100-broken-rice-reuters.md) | +1.3% | +1.3% |
| RICE | 2023-09-12 | [India's retail inflation eases in August, upside risks remain \| Reuters](https://feedsoft.ai/events/34050-india-s-retail-inflation-eases-in-august-upside-risks-remain-reuters.md) | +1.3% | +0.1% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/indias-rice-curbs-lift-asian-prices-stoke-food-inflation-worries-2022-09-09/

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