# Rice Prices Plunge Most in 16 Years After India Eases Export Curbs - Bloomberg

> Thai white rice 5% broken, an Asian benchmark, fell about 11% to $509 a ton on Wednesday, according to the Thai Rice Exporters Association. It was the steepest one-day decline in data compiled since May 2008. The drop followed India's relaxation of some rice export restrictions.

- Date: 2024-10-03 · published 2024-10-03T12:00:00.000Z
- Category: policy · region Asia · magnitude medium
- Page: https://feedsoft.ai/events/12944-rice-prices-plunge-most-in-16-years-after-india-eases-export-curbs-bloomberg
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

India's easing of export curbs restores a large supply source to world markets, pressuring Asian benchmark prices lower. Cheaper rice is a bearish signal for rice-based feed and food-grade supply.

## Read by commodity

- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2024-10-11 | [BMI cuts rice futures forecast for 2025 after India eases export restrictions](https://feedsoft.ai/events/27915-bmi-cuts-rice-futures-forecast-for-2025-after-india-eases-export-restrictions.md) | -0.5% | -4.4% |
| RICE | 2024-07-09 | [Swelling granaries may prompt India to ease rice export curbs \| Mint](https://feedsoft.ai/events/29225-swelling-granaries-may-prompt-india-to-ease-rice-export-curbs-mint.md) | -13.9% | -10.5% |
| RICE | 2024-10-09 | [Platts-assessed Asian rice prices plunge to multi-month low amid India's export ban U-turn](https://feedsoft.ai/events/27914-platts-assessed-asian-rice-prices-plunge-to-multi-month-low-amid-india-s-export.md) | -0.6% | -4.4% |
| RICE | 2024-09-30 | [Global rice prices drop after India allows white rice exports \| Reuters](https://feedsoft.ai/events/12945-global-rice-prices-drop-after-india-allows-white-rice-exports-reuters.md) | +0.1% | +0.0% |
| RICE | 2024-09-30 | [Global rice prices to ease as India lifts export ban \| Philstar.com](https://feedsoft.ai/events/28370-global-rice-prices-to-ease-as-india-lifts-export-ban-philstar-com.md) | +0.1% | +0.0% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-10-03/rice-plunges-the-most-in-16-years-after-india-eases-export-curbs

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