# ‘Lifting of MEP on non-Basmati rice helps India compete globally’ - The HinduBusinessLine

> Bangladesh's tender for 50,000 tonnes of parboiled rice saw Indian exporter Pattabhi Agro Food post the lowest bid at $477/tonne CIF. Indian exporters say removing the minimum export price and export duty helped them compete globally.

- Date: 2024-11-07 · published 2024-11-07T12:00:00.000Z
- Category: trade · region Bangladesh · magnitude medium
- Page: https://feedsoft.ai/events/27370-lifting-of-mep-on-non-basmati-rice-helps-india-compete-globally-the
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Competitive Indian offers near $477/tonne signal lower global rice export prices now that the MEP and duties are gone.

## Read by commodity

- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2020-05-08 | [Non-basmati exports may rebound as India attracts new customers - The HinduBusinessLine](https://feedsoft.ai/events/53192-non-basmati-exports-may-rebound-as-india-attracts-new-customers-the.md) | +3.4% | +22.0% |
| RICE | 2025-04-03 | [Indian rice turns competitive in the global market, exports may pick up from June  - The HinduBusinessLine](https://feedsoft.ai/events/25057-indian-rice-turns-competitive-in-the-global-market-exports-may-pick-up-from.md) | +2.5% | -3.2% |
| RICE | 2024-08-21 | [India allows export of 2 lakh tonnes of white rice to Malaysia under G2G - The HinduBusinessLine](https://feedsoft.ai/events/28733-india-allows-export-of-2-lakh-tonnes-of-white-rice-to-malaysia-under-g2g-the.md) | +2.4% | +3.4% |
| RICE | 2017-09-21 | [Q1 basmati exports up 32% - The HinduBusinessLine](https://feedsoft.ai/events/68937-q1-basmati-exports-up-32-the-hindubusinessline.md) | -7.1% | -6.7% |
| RICE | 2026-01-10 | [India's 2025 rice exports surge 19.4% to 21.55 ‍mt as curbs are lifted - The HinduBusinessLine](https://feedsoft.ai/events/12590-india-s-2025-rice-exports-surge-19-4-to-21-55-mt-as-curbs-are-lifted-the.md) | +6.2% | +12.1% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/economy/agri-business/lifting-of-mep-on-non-basmati-rice-helps-india-compete-globally/article68840320.ece

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