# Ephemeral spike in demand in India’s food sector owing to Covid-19: TPCI - Trade Promotion Council of India

> The Trade Promotion Council of India reports that March 2020 demand for Indian food exports surged more than 100% for essential items such as rice, wheat and pulses. Confectionery, spices and processed foods rose 15-20%, driven by hoarding fears, while container shortages limit shipments.

- Date: 2020-03-23 · published 2020-03-23T12:00:00.000Z
- Category: trade · region India · magnitude low
- Page: https://feedsoft.ai/events/54094-ephemeral-spike-in-demand-in-india-s-food-sector-owing-to-covid-19-tpci-trade
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Stockpiling-driven export demand for Indian rice and wheat is a short-term bullish factor, though container shortages cap how much of it can actually ship.

## Read by commodity

- RICE: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2020-05-15 | [COVID-19-related trade restrictions on rice and wheat could drive up prices and increase hunger](https://feedsoft.ai/events/53102-covid-19-related-trade-restrictions-on-rice-and-wheat-could-drive-up-prices-and.md) | -7.9% | -7.8% |
| RICE | 2020-11-03 | [U.S. Trade with China Improving, Lifting U.S. Farmer Prospects - The Food Institute](https://feedsoft.ai/events/50019-u-s-trade-with-china-improving-lifting-u-s-farmer-prospects-the-food-institute.md) | -1.2% | -0.1% |
| RICE | 2021-12-02 | [Demand for Indian rice to remain robust this season, say exporters - Commodities News \| The Financial Express](https://feedsoft.ai/events/43557-demand-for-indian-rice-to-remain-robust-this-season-say-exporters-commodities.md) | -0.9% | +4.5% |
| RICE | 2020-01-15 | [China deal to open flood gates for US ag trade \| 2020-01-15  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/55159-china-deal-to-open-flood-gates-for-us-ag-trade-2020-01-15-agri-pulse.md) | +3.0% | +2.6% |
| WHEAT | 2020-05-15 | [COVID-19-related trade restrictions on rice and wheat could drive up prices and increase hunger](https://feedsoft.ai/events/53102-covid-19-related-trade-restrictions-on-rice-and-wheat-could-drive-up-prices-and.md) | +0.5% | +0.7% |
| WHEAT | 2019-12-12 | [Corn, wheat, soy rally on U.S.-China trade hopes, export demand \| Financial Post](https://feedsoft.ai/events/6298-corn-wheat-soy-rally-on-u-s-china-trade-hopes-export-demand-financial-post.md) | +2.5% | +4.4% |
| WHEAT | 2020-01-15 | [China deal to open flood gates for US ag trade \| 2020-01-15  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/55159-china-deal-to-open-flood-gates-for-us-ag-trade-2020-01-15-agri-pulse.md) | +0.0% | -5.4% |

## Sources

- tpci.in: https://tpci.in/press_release/ephemeral-spike-in-demand-in-indias-food-sector-owing-to-covid-19-tpci

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