# India lifts ban on exports of white rice with $490/tonne floor price - The HinduBusinessLine

> India's government lifted its ban on non-basmati white rice exports with immediate effect, subject to a $490 per tonne minimum export price. The DGFT issued the notification after the Finance Ministry reduced export duties on parboiled and other rice. Rice exporters' association welcomed the move but questioned the 10% duty on parboiled rice.

- Date: 2024-09-28 · published 2024-09-28T12:00:00.000Z
- Category: policy · region India · magnitude high
- Page: https://feedsoft.ai/events/12950-india-lifts-ban-on-exports-of-white-rice-with-490-tonne-floor-price-the
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Resumed white rice exports from India, the largest exporter, add supply to global markets and put downward pressure on prices. The price floor and remaining duties limit the size of the impact.

## 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 lifted its ban on non-basmati white rice exports on Sept 28 with a $490/t floor, a major supply-side shock that the market priced in when trading resumed, driving the drop ending Oct 1. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2023-03-26 | [India allows exports of 3.5 lakh tonnes broken rice to Gambia, Senegal - The HinduBusinessLine](https://feedsoft.ai/events/36809-india-allows-exports-of-3-5-lakh-tonnes-broken-rice-to-gambia-senegal-the.md) | -2.6% | -5.3% |
| 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 | 2024-06-20 | [Commerce Ministry to take up the issue of rice export curbs with inter-ministerial panel - The HinduBusinessLine](https://feedsoft.ai/events/29724-commerce-ministry-to-take-up-the-issue-of-rice-export-curbs-with-inter.md) | -2.0% | -21.3% |
| 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

- thehindubusinessline.com: https://www.thehindubusinessline.com/economy/agri-business/india-decides-to-lift-ban-on-exports-of-white-rice-with-490tonne-floor-price/article68694083.ece

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