# Govt eases export curbs for non-basmati white rice | Business News - The Indian Express

> India's government revised its export policy for non-basmati white rice from prohibited to free, subject to a $490 per tonne minimum export price. The Finance Ministry had cut the export duty on several rice categories from 20% to 10% a day earlier. The DGFT notification took effect immediately.

- Date: 2024-09-28 · published 2024-09-28T12:00:00.000Z
- Category: policy · region India · magnitude high
- Page: https://feedsoft.ai/events/12949-govt-eases-export-curbs-for-non-basmati-white-rice-business-news-the-indian
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Reopening exports of non-basmati white rice adds supply to world markets and typically weighs on prices. The minimum export price limits downside but still allows significant overseas sales.

## 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 | The DGFT policy change from prohibited to free exports took effect immediately, which increases exportable Indian supply and triggered the selloff. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2024-09-29 | [Export ban on Non-Basmati White Rice lifted: why, what is the likely impact \| Explained News - The Indian Express](https://feedsoft.ai/events/12948-export-ban-on-non-basmati-white-rice-lifted-why-what-is-the-likely-impact.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 | 2024-09-18 | [India considers easing export curbs on non-basmati rice as supplies improve](https://feedsoft.ai/events/28269-india-considers-easing-export-curbs-on-non-basmati-rice-as-supplies-improve.md) | -0.6% | -2.0% |
| 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 | 2024-10-23 | [Non-basmati rice \| Government removes minimum export price on overseas shipments of non-basmati white rice - Telegraph India](https://feedsoft.ai/events/27800-non-basmati-rice-government-removes-minimum-export-price-on-overseas-shipments.md) | -1.2% | -0.2% |

## Sources

- indianexpress.com: https://indianexpress.com/article/business/economy/govt-eases-export-curbs-for-non-basmati-white-rice-9593489/
- reuters.com: https://www.reuters.com/markets/commodities/india-allows-non-basmati-white-rice-exports-sets-floor-price-2024-09-28/

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