# Indian rice traders stop new export deals due to shortage of freight trains | Stock Market News

> Indian rice traders have stopped signing new February export contracts because a shortage of freight trains has blocked over 500,000 tonnes of non-basmati rice in Chhattisgarh. Nearly a third of India's planned 1.5 million tonne January exports are stuck, and railways have diverted wagons to fertilizer and coal.

- Date: 2022-01-17 · published 2022-01-17T12:00:00.000Z
- Category: logistics · region India · magnitude medium
- Page: https://feedsoft.ai/events/43112-indian-rice-traders-stop-new-export-deals-due-to-shortage-of-freight-trains
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

With India, the largest rice exporter, stalled, rivals Thailand, Myanmar and Vietnam are gaining overseas sales at higher prices, supporting global rice prices while the bottleneck persists.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2020-09-11 | [ieport News on India's Export Import Matters: India rice prices hit 18-month peak as coronavirus strains export logistics](https://feedsoft.ai/events/51190-ieport-news-on-india-s-export-import-matters-india-rice-prices-hit-18-month.md) | -2.6% | +0.6% |
| RICE | 2021-08-26 | [Rice import prices to rise as freight rate increases in West African Markets](https://feedsoft.ai/events/45630-rice-import-prices-to-rise-as-freight-rate-increases-in-west-african-markets.md) | -2.8% | +3.6% |
| RICE | 2020-07-27 | [Indian rice exports slow as coronavirus disrupts supply chain -trade - DST - Daily Shipping Times](https://feedsoft.ai/events/52091-indian-rice-exports-slow-as-coronavirus-disrupts-supply-chain-trade-dst-daily.md) | -1.8% | +4.2% |
| RICE | 2021-08-17 | [Rice exports from India to take a hit this year - Commodities News \| The Financial Express](https://feedsoft.ai/events/45523-rice-exports-from-india-to-take-a-hit-this-year-commodities-news-the-financial.md) | -1.2% | -0.8% |
| RICE | 2021-11-24 | [Freight and drought bite as the Californian Japonica rice market heads into 2022 - Commodities Focus](https://feedsoft.ai/events/44114-freight-and-drought-bite-as-the-californian-japonica-rice-market-heads-into.md) | -3.2% | -3.5% |

## Sources

- livemint.com: https://www.livemint.com/market/commodities/indian-rice-traders-stop-new-export-deals-as-freight-train-shortage-blocks-shipments-11642413963121.html

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