# Global Markets: Rice – Trade Contracts on Low Exportable Supplies — Louisiana Farm Bureau News

> The USDA's global rice outlook forecasts lower world trade in 2020, with Thailand's exports falling to 6.5 million tonnes, its lowest since 1998, after drought hurt its crop. Vietnam is now projected as the second-largest exporter, and Brazil's exports are up about two-thirds year to date.

- Date: 2020-08-19 · published 2020-08-19T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/51702-global-markets-rice-trade-contracts-on-low-exportable-supplies-louisiana-farm
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Limited exportable supplies and high prices from Thailand and other Southeast Asian exporters tighten global rice availability. Export prices are likely to stay firm, while weaker import demand in West Africa limits gains.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2018-12-30 | [China Market Open for Import of U.S. Milled Rice; Big Deal for Louisiana and Rice Farmers — Louisiana Farm Bureau News](https://feedsoft.ai/events/61658-china-market-open-for-import-of-u-s-milled-rice-big-deal-for-louisiana-and-rice.md) | +3.5% | +6.7% |
| RICE | 2024-02-21 | [The impact of India’s rice export restrictions on global markets, supplies and prices \| The Business Standard](https://feedsoft.ai/events/31740-the-impact-of-india-s-rice-export-restrictions-on-global-markets-supplies-and.md) | -1.0% | -2.4% |
| RICE | 2024-08-28 | [Global factors affecting cotton and rice markets - Brownfield Ag News](https://feedsoft.ai/events/28865-global-factors-affecting-cotton-and-rice-markets-brownfield-ag-news.md) | +0.2% | -1.9% |
| RICE | 2023-07-26 | [India Rice Export Ban: Global rice markets in turmoil as India bans export of non-basmati \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/35135-india-rice-export-ban-global-rice-markets-in-turmoil-as-india-bans-export-of.md) | -0.5% | -2.8% |
| RICE | 2022-11-16 | [Vietnam rice prices gain top spot on global markets](https://feedsoft.ai/events/38754-vietnam-rice-prices-gain-top-spot-on-global-markets.md) | +0.9% | -5.8% |

## Sources

- lafarmbureaunews.com: https://lafarmbureaunews.com/news/2020/8/19/global-markets-rice-trade-contracts-on-low-exportable-supplies

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