# Feed Fight: African Consumers Hit As Asia Gobbles Up Rice Supplies | Checkout

> Rice prices rose 20-45% in key Asian producers in 2020 as demand for lower-quality rice as animal feed grew and shipping costs soared. The FAO warned that export curbs from Asia could squeeze supplies in sub-Saharan Africa, which imports about 40% of its rice, between June and October.

- Date: 2021-01-21 · published 2021-01-21T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/49242-feed-fight-african-consumers-hit-as-asia-gobbles-up-rice-supplies-checkout
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Growing feed demand for lower-grade rice and higher freight costs keep rice prices supported, and any Asian export curbs would tighten global supply during the African lean season.

## Read by commodity

- RICE: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2022-03-16 | [Strong Asian rice demand for animal feed sparks food supply worries](https://feedsoft.ai/events/11337-strong-asian-rice-demand-for-animal-feed-sparks-food-supply-worries.md) | -1.0% | -2.9% |
| RICE | 2020-05-01 | [Asia Rice-India export prices hit 9-month peak as demand recovers](https://feedsoft.ai/events/9190-asia-rice-india-export-prices-hit-9-month-peak-as-demand-recovers.md) | -1.8% | +0.3% |
| RICE | 2021-01-29 | [ASIA RICE-India prices hit 2-yr peak; Vietnam grapples with supply woes - Markets - Business Recorder](https://feedsoft.ai/events/49238-asia-rice-india-prices-hit-2-yr-peak-vietnam-grapples-with-supply-woes-markets.md) | -2.7% | -4.8% |
| RICE | 2020-08-19 | [Global Markets: Rice – Trade Contracts on Low Exportable Supplies — Louisiana Farm Bureau News](https://feedsoft.ai/events/51702-global-markets-rice-trade-contracts-on-low-exportable-supplies-louisiana-farm.md) | +0.8% | +2.0% |
| RICE | 2017-06-22 | [Thai rice prices rising as sanctions-free Iran gets its fill - Nikkei Asia](https://feedsoft.ai/events/70559-thai-rice-prices-rising-as-sanctions-free-iran-gets-its-fill-nikkei-asia.md) | +2.2% | +7.4% |

## Sources

- checkout.ie: https://www.checkout.ie/supply-chain/feed-fight-african-consumers-hit-asia-gobbles-rice-supplies-2-119765

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