# Rice-ing concern: COVID-19 creates supply and price volatility for Asia’s most ‘cost-sensitive’ crop

> Lockdowns and trade barriers across Asia during COVID-19 have created supply and price volatility for rice. Vietnam imposed a rice export ban in March and Cambodia halted exports except for fragrant rice, though Vietnam later reopened exports and accepted contracts for 400,000 tons.

- Date: 2020-04-22 · published 2020-04-22T12:00:00.000Z
- Category: policy · region Asia · magnitude medium
- Page: https://feedsoft.ai/events/6052-rice-ing-concern-covid-19-creates-supply-and-price-volatility-for-asia-s-most
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Export restrictions from major Asian suppliers tighten global rice availability and push prices up, with importers and panic buyers adding to demand pressure.

## Read by commodity

- RICE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| RICE | 2020-04-27 | 5 | +16.6% | 5.5 | Asian export restrictions (Vietnam ban, Cambodia halt) in the weeks before tightened global rice supply and supported a rally in futures, though Vietnam's reopening of exports is a partial offset. |
| RICE | 2020-04-24 | 5 | +14.1% | 5.3 | Export bans and restrictions in Vietnam and Cambodia tightened Asian rice supply and fed price volatility, supporting a rally in rough rice. |
| RICE | 2020-04-23 | 1 | +5.4% | 3.3 | Asian export restrictions and supply and price volatility from Vietnam and Cambodia tighten global rice trade flows and can support US rough rice futures. |
| RICE | 2020-04-22 | 1 | +5.4% | 3.3 | Same-day coverage of Asian export bans and supply/price volatility supports a trade-flow-driven rally in rice prices. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2023-07-25 | [India’s new ban on rice exports: Potential threats to global supply, prices, and food security \| IFPRI](https://feedsoft.ai/events/34967-india-s-new-ban-on-rice-exports-potential-threats-to-global-supply-prices-and.md) | -4.5% | -4.2% |
| RICE | 2024-02-08 | [India’s export restrictions on rice continue to disrupt global markets, supplies, and prices \| Asia and the Pacific Food Security Portal](https://feedsoft.ai/events/31608-india-s-export-restrictions-on-rice-continue-to-disrupt-global-markets-supplies.md) | +0.7% | -5.7% |
| RICE | 2023-02-23 | [India to extend rice export curbs to ensure domestic price stability, supply: Report](https://feedsoft.ai/events/37310-india-to-extend-rice-export-curbs-to-ensure-domestic-price-stability-supply.md) | +0.8% | +1.4% |
| RICE | 2023-08-03 | [Rice prices hit 11-year high as Indian export ban fuels supply fears - Nikkei Asia](https://feedsoft.ai/events/12034-rice-prices-hit-11-year-high-as-indian-export-ban-fuels-supply-fears-nikkei-asia.md) | +0.8% | +4.8% |
| RICE | 2020-03-26 | [Inside India's historic effort to distribute food and fight hunger during Covid-19](https://feedsoft.ai/events/54084-inside-india-s-historic-effort-to-distribute-food-and-fight-hunger-during-covid.md) | +3.2% | +22.4% |

## Sources

- foodnavigator.com: https://www.foodnavigator.com/Article/2020/04/22/Rice-ing-concern-COVID-19-creates-supply-and-price-volatility-for-Asia-s-most-cost-sensitive-crop/

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