# Global rice prices drop after India allows white rice exports | Reuters

> Global rice prices fell on Monday after India allowed exports of non-basmati white rice on Saturday. India had also cut its export duty on parboiled rice to 10% the day before. Exporters said the move boosts global supply and gives poor Asian and African buyers cheaper options.

- Date: 2024-09-30 · published 2024-09-30T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/12945-global-rice-prices-drop-after-india-allows-white-rice-exports-reuters
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Resumed Indian white rice exports add substantial supply to the world market, which pushes prices down. Lower rice prices reduce the cost of rice as a substitute grain in feed.

## Read by commodity

- RICE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| RICE | 2024-10-01 | 1 | -11.2% | -2.3 | Reports global rice prices fell on Monday Sept 30 after India allowed white rice exports, directly matching the timing of the price move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2024-10-28 | [West African rice market adjusts to price drops after India ends export duty \| S&P Global](https://feedsoft.ai/events/27916-west-african-rice-market-adjusts-to-price-drops-after-india-ends-export-duty-s.md) | -1.7% | +0.4% |
| RICE | 2025-03-07 | [India lifts ban on 100% broken white rice exports \| S&P Global](https://feedsoft.ai/events/25550-india-lifts-ban-on-100-broken-white-rice-exports-s-and-p-global.md) | +4.9% | +1.4% |
| RICE | 2023-08-30 | [India allows exports of non-basmati white rice trapped at ports](https://feedsoft.ai/events/34531-india-allows-exports-of-non-basmati-white-rice-trapped-at-ports.md) | +1.2% | -2.2% |
| 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% |
| RICE | 2024-09-29 | [FACTBOX Why India's easing of export curbs is important to global rice trade \| Reuters](https://feedsoft.ai/events/28268-factbox-why-india-s-easing-of-export-curbs-is-important-to-global-rice-trade.md) | +0.1% | +0.0% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/global-rice-prices-drop-after-india-allows-white-rice-exports-2024-09-30/

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