# India restricts rice export - What led to the decision and how it impacts India and the world's food security | Times Now

> India restricted rice exports by banning broken rice and imposing a 20% duty on other grades after weak kharif sowing. The Food Secretary said paddy acreage was 3.8 million hectares lower and estimated rice production losses of 10 to 12 million tonnes. The government said current stocks remain in surplus.

- Date: 2022-09-12 · published 2022-09-12T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/39562-india-restricts-rice-export-what-led-to-the-decision-and-how-it-impacts-india
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Loss estimates of 10 to 12 million tonnes are large relative to global rice trade, so the curbs tighten world supply. Prices are likely to stay firm while the restrictions remain in place.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2024-02-08 | [India’s export restrictions on rice continue to disrupt global markets, supplies, and prices \| Asia and the Pacific Food Security Portal](https://feedsoft.ai/events/31608-india-s-export-restrictions-on-rice-continue-to-disrupt-global-markets-supplies.md) | +0.7% | -5.7% |
| RICE | 2022-09-22 | [India defends its decision to ban rice, wheat exports at WTO - The Hindu](https://feedsoft.ai/events/39558-india-defends-its-decision-to-ban-rice-wheat-exports-at-wto-the-hindu.md) | -1.5% | -6.5% |
| RICE | 2023-09-28 | [Export ban on rice is regulation rather than restriction for food security: India to WTO's agriculture committee meet - The Hindu](https://feedsoft.ai/events/34051-export-ban-on-rice-is-regulation-rather-than-restriction-for-food-security.md) | -3.3% | -0.3% |
| RICE | 2022-10-14 | [India will not lift export ban on foodgrains anytime soon to ensure food security at home - Daijiworld.com](https://feedsoft.ai/events/39081-india-will-not-lift-export-ban-on-foodgrains-anytime-soon-to-ensure-food.md) | -1.8% | +5.5% |
| RICE | 2023-07-25 | [India’s new ban on rice exports: Potential threats to global supply, prices, and food security \| IFPRI](https://feedsoft.ai/events/34967-india-s-new-ban-on-rice-exports-potential-threats-to-global-supply-prices-and.md) | -4.5% | -4.2% |

## Sources

- timesnownews.com: https://www.timesnownews.com/explainer/india-restricts-rice-export-how-will-it-impact-export-and-domestic-food-security-article-94155624

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