# India lifts all curbs on rice exports, scraps 10% export duty on parboiled rice, $490 floor price for white rice - The HinduBusinessLine

> India removed all remaining curbs on rice exports, eliminating the 10% duty on parboiled rice and the $490 per tonne minimum export price on white rice, effective immediately. Restrictions on broken rice shipments remain in place.

- Date: 2024-10-23 · published 2024-10-23T12:00:00.000Z
- Category: policy · region India · magnitude high
- Page: https://feedsoft.ai/events/27795-india-lifts-all-curbs-on-rice-exports-scraps-10-export-duty-on-parboiled-rice
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Full liberalisation of white and parboiled rice exports expands available supply from the largest exporter, reinforcing downward pressure on global rice prices.

## Read by commodity

- RICE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| RICE | 2024-10-29 | 1 | -2.4% | -3.1 | India removing all remaining rice export curbs (10% parboiled duty, $490 floor price) raises global supply and pressures prices lower, with the market continuing to digest it. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2023-03-26 | [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 | 2024-09-27 | [Centre cuts export duty on parboiled rice to 10% \| Mint](https://feedsoft.ai/events/12951-centre-cuts-export-duty-on-parboiled-rice-to-10-mint.md) | +1.6% | +0.8% |
| RICE | 2024-10-23 | [With granaries full, India axes export duty on parboiled rice \| Mint](https://feedsoft.ai/events/27796-with-granaries-full-india-axes-export-duty-on-parboiled-rice-mint.md) | -1.2% | -0.2% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/economy/agri-business/govt-removes-export-duty-on-parboiled-rice-husked-rice-to-boost-export/article68785608.ece

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