# Exclusive: Panicked traders step up forward Indian rice purchases after wheat export ban | Reuters

> Indian rice traders are buying forward in a panic after India's surprise wheat export ban in May. The ban came days after New Delhi had targeted record wheat shipments, and India also capped sugar exports.

- Date: 2022-06-06 · published 2022-06-06T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/40903-exclusive-panicked-traders-step-up-forward-indian-rice-purchases-after-wheat
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Panic buying of rice for forward delivery tightens nearby availability and supports international rice prices in case India restricts shipments.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2022-07-01 | [Exclusive \| As global demand for Indian rice shoots up, govt assessing need for export curbs](https://feedsoft.ai/events/40456-exclusive-as-global-demand-for-indian-rice-shoots-up-govt-assessing-need-for.md) | -1.4% | +2.8% |
| 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 | 2023-08-31 | [Global rice supplies tighten after India’s July export ban - India Seatrade News](https://feedsoft.ai/events/34190-global-rice-supplies-tighten-after-india-s-july-export-ban-india-seatrade-news.md) | -2.7% | -3.4% |

## Sources

- reuters.com: https://www.reuters.com/world/india/exclusive-panicked-traders-step-up-forward-indian-rice-purchases-after-wheat-2022-06-06/

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