# Export ban on Non-Basmati White Rice lifted: why, what is the likely impact | Explained News - The Indian Express

> India lifted its ban on non-basmati white rice exports on September 28, 2024, and imposed a minimum export price of $490 per tonne. The change follows a 20% export duty cut the previous day. Indian officials cited higher sowing, a normal crop and well-stocked central pool.

- Date: 2024-09-29 · published 2024-09-29T12:00:00.000Z
- Category: policy · region India · magnitude high
- Page: https://feedsoft.ai/events/12948-export-ban-on-non-basmati-white-rice-lifted-why-what-is-the-likely-impact
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Ending the export ban returns a large volume of white rice to global trade, adding supply to a market that had been tight. The $490 floor limits how far prices can fall, but the added supply is bearish.

## 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 | Explains the Sept 28 lifting of the export ban on non-basmati white rice and the duty cut, which signals a significant increase in global export supply and bearish pressure on prices. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2024-09-28 | [India lifts ban on exports of white rice with $490/tonne floor price - The HinduBusinessLine](https://feedsoft.ai/events/12950-india-lifts-ban-on-exports-of-white-rice-with-490-tonne-floor-price-the.md) | +0.1% | +0.0% |
| 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 | 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

- indianexpress.com: https://indianexpress.com/article/explained/explained-economics/export-ban-non-basmati-white-rice-lifted-why-impact-9594407/

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