# Hoarding won’t help: Food export restrictions will backfire on Asian countries - UN FAO expert

> 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.

- Date: 2020-07-21 · published 2020-07-21T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/52089-hoarding-won-t-help-food-export-restrictions-will-backfire-on-asian-countries
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

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.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2023-06-21 | [India to resume exporting wheat, broken rice to 4 countries  - India Today](https://feedsoft.ai/events/35457-india-to-resume-exporting-wheat-broken-rice-to-4-countries-india-today.md) | +2.8% | -9.0% |
| RICE | 2026-04-10 | [Govt eases conditions for rice exports to some European countries \| Agriculture - Business Standard](https://feedsoft.ai/events/19703-govt-eases-conditions-for-rice-exports-to-some-european-countries-agriculture.md) | -0.6% | +7.0% |
| RICE | 2019-05-07 | [Exports of certain commodities to Maldives exempted from restrictions in 2019-20](https://feedsoft.ai/events/59028-exports-of-certain-commodities-to-maldives-exempted-from-restrictions-in-2019-20.md) | +3.0% | +12.2% |
| RICE | 2023-09-27 | [US, UK, EU & others question India at WTO over wheat, rice and onion export restrictions](https://feedsoft.ai/events/34048-us-uk-eu-and-others-question-india-at-wto-over-wheat-rice-and-onion-export.md) | -2.6% | -0.5% |
| 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% |

## Sources

- foodnavigator.com: https://www.foodnavigator.com/Article/2020/07/21/Hoarding-won-t-help-Food-export-restrictions-will-backfire-on-Asian-countries-UN-FAO-expert/

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