# Rice battle heats up as India, Pakistan lift export curbs | Business and Economy News | Al Jazeera

> Global rice prices dropped on Monday after India and Pakistan moved to lift export curbs. India lifted its ban on non-basmati white rice exports, and Pakistan withdrew minimum export prices on all rice varieties. Exporters warn of a pricing war between the two South Asian suppliers.

- Date: 2024-10-02 · published 2024-10-02T12:00:00.000Z
- Category: policy · region South Asia · magnitude high
- Page: https://feedsoft.ai/events/12946-rice-battle-heats-up-as-india-pakistan-lift-export-curbs-business-and-economy
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Two major exporters competing on price is likely to keep rice export quotes under pressure. Weaker rice prices favor buyers of rice-based feed ingredients.

## 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 | India lifting the ban and Pakistan removing minimum export prices raised expected supply competition and price-war fears, though it is dated after the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2023-01-09 | [Govt mulls lifting rice export curbs as supply improves, prices stabilise \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/37758-govt-mulls-lifting-rice-export-curbs-as-supply-improves-prices-stabilise.md) | +2.1% | +0.3% |
| RICE | 2024-09-28 | [Govt eases export curbs for non-basmati white rice \| Business News - The Indian Express](https://feedsoft.ai/events/12949-govt-eases-export-curbs-for-non-basmati-white-rice-business-news-the-indian.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% |
| RICE | 2024-10-23 | [India lifts all curbs on rice exports, scraps 10% export duty on parboiled rice, $490 floor price for white rice - The HinduBusinessLine](https://feedsoft.ai/events/27795-india-lifts-all-curbs-on-rice-exports-scraps-10-export-duty-on-parboiled-rice.md) | -1.2% | -0.2% |
| RICE | 2022-12-01 | [India officially lifts rice export ban](https://feedsoft.ai/events/38310-india-officially-lifts-rice-export-ban.md) | -6.2% | +0.5% |

## Sources

- aljazeera.com: https://www.aljazeera.com/news/2024/10/2/rice-battle-heats-up-as-india-pakistan-lift-export-curbs

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