# Export rules by some countries force rise in global crop prices | AGDAILY

> A study in Nature Food modeled how export restrictions by three key exporters of each crop could raise wheat prices by about 70%, maize by 40% and rice by 60%. Combined with local production shocks, prices could nearly double.

- Date: 2021-01-29 · published 2021-01-29T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/49099-export-rules-by-some-countries-force-rise-in-global-crop-prices-agdaily
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

The findings show how quickly export restrictions by a few major exporters could lift global grain prices. This is a scenario analysis rather than a new policy, so its near-term price impact is limited.

## Read by commodity

- CORN: bullish ▲
- RICE: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-01-16 | [Grain prices rise as concern grows for UK crops - Farmers Weekly](https://feedsoft.ai/events/55149-grain-prices-rise-as-concern-grows-for-uk-crops-farmers-weekly.md) | -0.2% | -5.3% |
| WHEAT | 2022-05-16 | [India bans wheat exports as heat wave hurts crop, domestic prices soar \| Reuters](https://feedsoft.ai/events/41364-india-bans-wheat-exports-as-heat-wave-hurts-crop-domestic-prices-soar-reuters.md) | +4.0% | -0.3% |
| WHEAT | 2020-12-30 | [Commodities 2021: Bullish expectations for 2021 Black Sea wheat prices \| S&P Global](https://feedsoft.ai/events/49512-commodities-2021-bullish-expectations-for-2021-black-sea-wheat-prices-s-and-p.md) | +5.0% | +11.6% |
| WHEAT | 2024-05-31 | [India supplies only 3.7% of export restricted food commodities to countries committed two years ago \| Mint](https://feedsoft.ai/events/30204-india-supplies-only-3-7-of-export-restricted-food-commodities-to-countries.md) | -5.3% | -10.5% |
| WHEAT | 2023-08-03 | [Rice prices hit 11-year high as Indian export ban fuels supply fears - Nikkei Asia](https://feedsoft.ai/events/12034-rice-prices-hit-11-year-high-as-indian-export-ban-fuels-supply-fears-nikkei-asia.md) | +0.5% | -6.9% |
| CORN | 2026-03-16 | [China Reins in Fertilizer Exports as War Pushes Up Global Prices - Bloomberg](https://feedsoft.ai/events/20096-china-reins-in-fertilizer-exports-as-war-pushes-up-global-prices-bloomberg.md) | +2.4% | -1.7% |
| CORN | 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) | +1.5% | -6.4% |
| CORN | 2020-04-29 | [Bank forecasts rise in food prices next month](https://feedsoft.ai/events/9191-bank-forecasts-rise-in-food-prices-next-month.md) | +2.5% | +2.3% |

## Sources

- agdaily.com: https://www.agdaily.com/crops/export-restrictions-countries-skyrocket-global-food-crop-prices/

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