# India Considers Banning Most Rice Exports on Inflation Fears - Bloomberg

> The Indian government is discussing a plan to ban exports of all non-Basmati rice, according to people familiar with the matter. The move is being considered because domestic rice prices are rising and authorities want to avoid more inflation.

- Date: 2023-07-13 · published 2023-07-13T12:00:00.000Z
- Category: policy · region India · magnitude high
- Page: https://feedsoft.ai/events/5094-india-considers-banning-most-rice-exports-on-inflation-fears-bloomberg
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

A ban on non-Basmati exports would remove a large share of global rice supply and push international prices sharply higher. Feed buyers using rice byproducts or substitutes would face higher costs.

## Read by commodity

- RICE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| RICE | 2023-07-17 | 1 | -13.3% | -7.4 | Reports of a possible Indian ban on non-Basmati rice exports signal a major trade-flow disruption and tighter global supply, though a price drop of this size is the opposite of the expected rally and suggests the move may be a contract or data artifact. |
| RICE | 2023-07-16 | 1 | -13.3% | -7.7 | Reports on 2023-07-13 that India may ban most non-Basmati rice exports bear directly on global rice supply, but a ban would normally push prices up, so it does not explain a 13% drop and may have only influenced volatility. |
| RICE | 2023-07-16 | 5 | -19.8% | -7.4 | Reports of a possible Indian ban on non-Basmati rice exports on 2023-07-13 are a major trade-flow shock, but they would normally push prices up rather than cause a 20% drop, so this is only a partial and uncertain explanation (e.g. a reversal after a prior spike, or contract roll or liquidity effects). |
| RICE | 2023-07-13 | 1 | -6.2% | -4.0 | Report on 2023-07-13 that India is weighing a ban on non-Basmati rice exports is a major potential supply shock, though a drop of 6.22% is counterintuitive and suggests profit-taking or sentiment reversal in Chicago rough rice. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2026-08-25 | [INDIA IMPOSES MAJOR RICE EXPORT BAN, TRIGGERING INFLATION FEARS](https://feedsoft.ai/events/17882-india-imposes-major-rice-export-ban-triggering-inflation-fears.md) | +4.8% | +10.1% |
| 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 | 2022-08-26 | [India considers curbs on exports of 100% broken rice \| Reuters](https://feedsoft.ai/events/39983-india-considers-curbs-on-exports-of-100-broken-rice-reuters.md) | +1.3% | +1.3% |
| RICE | 2022-09-09 | [India restricts rice exports, could fuel food inflation](https://feedsoft.ai/events/39557-india-restricts-rice-exports-could-fuel-food-inflation.md) | +5.0% | -0.5% |
| RICE | 2017-11-10 | [India Basmati Rice Exports May Drop to 3-Year Low on New EU Rule - Bloomberg](https://feedsoft.ai/events/67954-india-basmati-rice-exports-may-drop-to-3-year-low-on-new-eu-rule-bloomberg.md) | +8.9% | +8.0% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2023-07-13/india-considers-banning-most-rice-exports-as-local-prices-surge

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