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

> IFPRI modeling suggests COVID-19-related export restrictions on rice and wheat could significantly raise global prices. The analysis finds international rice markets are especially sensitive to restrictions by large exporters.

- Date: 2020-05-15 · published 2020-05-15T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/53102-covid-19-related-trade-restrictions-on-rice-and-wheat-could-drive-up-prices-and
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

The findings highlight the upside price risk if major exporters extend curbs on staples, which would raise feed and food grain costs for importers.

## Read by commodity

- RICE: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2020-07-29 | [Commentary: COVID-19 temporary trade restrictions on rice and its implications for South Africa – NAMC \| National Agricultural Marketing Council](https://feedsoft.ai/events/52085-commentary-covid-19-temporary-trade-restrictions-on-rice-and-its-implications.md) | +1.3% | +5.2% |
| RICE | 2016-12-15 | [United States Challenges Chinese Grain Tariff Rate Quotas for Rice, Wheat, and Corn \| United States Trade Representative](https://feedsoft.ai/events/73335-united-states-challenges-chinese-grain-tariff-rate-quotas-for-rice-wheat-and.md) | -3.5% | -0.6% |
| 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 | 2017-03-01 | [Colombia to Remove Import Restrictions on U.S. Rough Rice \| USA Rice Federation](https://feedsoft.ai/events/72060-colombia-to-remove-import-restrictions-on-u-s-rough-rice-usa-rice-federation.md) | -0.1% | +5.1% |
| WHEAT | 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) | -5.3% | -2.4% |
| WHEAT | 2025-03-28 | [Romania increases wheat and barley exports amid rising prices](https://feedsoft.ai/events/25646-romania-increases-wheat-and-barley-exports-amid-rising-prices.md) | -1.4% | +2.0% |
| WHEAT | 2018-07-24 | [Due to higher prices, Russia increases wheat export](https://feedsoft.ai/events/63888-due-to-higher-prices-russia-increases-wheat-export.md) | -1.0% | -0.2% |

## Sources

- cgiar.org: https://www.cgiar.org/news-events/news/covid-19-related-trade-restrictions-on-rice-and-wheat-could-drive-up-prices-and-increase-hunger

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