COVID-19-related trade restrictions on rice and wheat could drive up prices and increase hunger

After 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.

• Sep 27, 2023US, UK, EU & others question India at WTO over wheat, rice and onion export restrictions-2.6%
• Jul 29, 2020Commentary: COVID-19 temporary trade restrictions on rice and its implications for South Africa – NAMC | National Agricultural Marketing Council+1.3%
• Dec 15, 2016United States Challenges Chinese Grain Tariff Rate Quotas for Rice, Wheat, and Corn | United States Trade Representative-3.5%
• Feb 21, 2024The impact of India’s rice export restrictions on global markets, supplies and prices | The Business Standard-1.0%
• Mar 1, 2017Colombia to Remove Import Restrictions on U.S. Rough Rice | USA Rice Federation-0.1%

After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.

• Sep 27, 2023US, UK, EU & others question India at WTO over wheat, rice and onion export restrictions-5.3%
• Mar 28, 2025Romania increases wheat and barley exports amid rising prices-1.4%
• Jul 24, 2018Due to higher prices, Russia increases wheat export-1.0%
• Dec 15, 2016United States Challenges Chinese Grain Tariff Rate Quotas for Rice, Wheat, and Corn | United States Trade Representative-1.0%
• Jan 30, 2025Speculative fluctuations in grain and oilseed prices will increase due to uncertainty about duties and harvest in South America-0.1%