# Global rice price declines to its lowest since 2008 as India eases export restrictions   - Nairametrics

> Global rice prices have fallen to their lowest level since 2008, according to Thai Rice Exporters Association data. The decline follows India's decision to relax some export restrictions after assessing domestic output. Thai white rice 5% broken dropped to $509 a ton.

- Date: 2024-10-03 · published 2024-10-03T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/12947-global-rice-price-declines-to-its-lowest-since-2008-as-india-eases-export
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

The price fall reflects returning Indian export supply after the restrictions were eased. Continued downward pressure on rice values is bearish for the rice complex.

## Read by commodity

- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2024-10-11 | [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 | 2024-11-08 | [India lifts export restrictions on rice \| IFPRI](https://feedsoft.ai/events/27367-india-lifts-export-restrictions-on-rice-ifpri.md) | +1.9% | +4.8% |
| 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 | 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% |

## Sources

- nairametrics.com: https://nairametrics.com/2024/10/03/global-rice-price-declines-to-its-lowest-since-2008-as-india-eases-export-restrictions/

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