# Explainer: Why India holds the key to global rice market outlook

> Indian rice traders are stepping up purchases and placing unusual longer-dated orders after India's wheat export ban raised concerns about curbs on rice. Officials say India does not plan to restrict shipments for now because local prices are low and state stocks are ample.

- Date: 2022-06-10 · published 2022-06-10T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/40902-explainer-why-india-holds-the-key-to-global-rice-market-outlook
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Front-loaded buying and longer-dated orders can firm rice export prices, while the monsoon outlook will determine whether a future curb becomes a real risk.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2024-05-07 | [Asian Rice Market On Edge: India's Export Restrictions Propel Global Prices](https://feedsoft.ai/events/30330-asian-rice-market-on-edge-india-s-export-restrictions-propel-global-prices.md) | +1.6% | -4.5% |
| RICE | 2023-07-20 | [Why Indian rice export ban is so important to global trade \| Reuters](https://feedsoft.ai/events/35005-why-indian-rice-export-ban-is-so-important-to-global-trade-reuters.md) | +1.3% | -0.6% |
| RICE | 2018-03-19 | [Rice exporters in fear as move to hike MSP will make it expensive in global markets - The HinduBusinessLine](https://feedsoft.ai/events/65962-rice-exporters-in-fear-as-move-to-hike-msp-will-make-it-expensive-in-global.md) | -0.8% | +4.8% |
| RICE | 2024-01-24 | [Why Indian traders prefer to buy rice from open market rather from FCI - The HinduBusinessLine](https://feedsoft.ai/events/32204-why-indian-traders-prefer-to-buy-rice-from-open-market-rather-from-fci-the.md) | +4.2% | +4.6% |
| RICE | 2023-11-27 | [Global rice markets face stresses from El Niño, India export restrictions](https://feedsoft.ai/events/33101-global-rice-markets-face-stresses-from-el-nino-india-export-restrictions.md) | -2.2% | -1.0% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/why-india-holds-key-global-rice-market-outlook-2022-06-10/

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