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FAO senior economist David Dawe warns that Asian food export restrictions imposed during COVID-19, such as Vietnam and Cambodia's temporary rice export bans, can raise prices and damage trade reputations. He notes the 2007/2008 crisis showed how panic buying and restrictions amplified price spikes.
Export bans reduce world rice supply and can trigger panic buying, which raises prices for importers. The warning suggests a risk of renewed restrictions if the crisis deepens, though current measures have lapsed.
foodnavigator.comPearly NeoJul 21, 2020After 189 past bullish trade events, Rough Rice moved a median +0.2% over 5 sessions (52% higher; middle half -1.7% to +2.4%), and +1.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
