# Rice price in Thailand shoots up as demand spikes during pandemic | Inquirer News

> Rice prices in Thailand rose as COVID-19 lockdowns triggered food hoarding and importers built emergency reserves. Drought in major rice-growing countries and Vietnam's export restrictions also contributed, while Thai exports fell as domestic demand rose.

- Date: 2020-04-28 · published 2020-04-28T12:00:00.000Z
- Category: trade · region Thailand · magnitude medium
- Page: https://feedsoft.ai/events/6053-rice-price-in-thailand-shoots-up-as-demand-spikes-during-pandemic-inquirer-news
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Stronger import demand and reduced export availability from Thailand support higher global rice prices, with Thai quality premiums widening.

## Read by commodity

- RICE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| RICE | 2020-04-29 | 1 | +6.8% | 3.7 | Thai rice prices surged on hoarding, importer reserve-building, Vietnam export curbs and drought, signaling tightening global supply that would support US rough rice futures just before the move. |
| RICE | 2020-04-28 | 1 | +6.8% | 3.7 | Published on the move date, it reports Thai rice prices surging as importers built emergency reserves and Vietnam restricted exports, a supply and demand shock that plausibly lifted rough rice futures. |
| RICE | 2020-04-27 | 5 | +16.6% | 5.5 | Thai rice prices spiked on hoarding, emergency import reserves, drought and Vietnamese export curbs, signaling firm international benchmarks, though the article was published after the window ended. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2024-11-29 | [Rice and shine: Parboiled prices soar as global markets heat up - Thailandtv.news](https://feedsoft.ai/events/27018-rice-and-shine-parboiled-prices-soar-as-global-markets-heat-up-thailandtv-news.md) | -0.1% | -9.3% |
| RICE | 2020-09-03 | [Demand for Non-basmati Exports from India Increases as Price Increases in Thailand and Vietnam - Grainmart News](https://feedsoft.ai/events/51089-demand-for-non-basmati-exports-from-india-increases-as-price-increases-in.md) | +1.5% | +1.0% |
| RICE | 2021-01-23 | [Indian rice prices up; Thai higher prices dampen demand - Markets - Business Recorder](https://feedsoft.ai/events/49240-indian-rice-prices-up-thai-higher-prices-dampen-demand-markets-business-recorder.md) | +1.4% | -2.9% |
| RICE | 2022-12-20 | [Thai, Vietnam and Pakistan hike rice prices as demand increases  - The HinduBusinessLine](https://feedsoft.ai/events/8466-thai-vietnam-and-pakistan-hike-rice-prices-as-demand-increases-the.md) | +4.8% | +4.6% |
| RICE | 2019-12-12 | [Asia Rice-India prices rebound, Vietnam sees uptick in demand \| Financial Post](https://feedsoft.ai/events/55667-asia-rice-india-prices-rebound-vietnam-sees-uptick-in-demand-financial-post.md) | +2.9% | +5.2% |

## Sources

- newsinfo.inquirer.net: https://newsinfo.inquirer.net/1265911/rice-price-in-thailand-shoots-up-as-demand-spikes-during-pandemic

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