# Amendment in Export Policy of Non-Basmati Rice under HS code 1006 30 90

> The DGFT issued Notification No. 37/2024-25, amending the export policy for non-basmati white rice under HS code 1006 30 90 effective October 23, 2024. The notification lifts the $490 per tonne minimum export price, allowing free exports of the variety.

- Date: 2024-10-23 · published 2024-10-23T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/27797-amendment-in-export-policy-of-non-basmati-rice-under-hs-code-1006-30-90
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

The formal notification confirms that non-basmati white rice can now ship without a price floor, adding export supply that is bearish for 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 | The DGFT notification formalizes free exports of non-basmati white rice, adding to expected export supply and bearish pressure. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2024-08-01 | [Supreme Court seeks government's response on non-basmati rice export ban](https://feedsoft.ai/events/28732-supreme-court-seeks-government-s-response-on-non-basmati-rice-export-ban.md) | -0.6% | -0.8% |
| 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 | [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% |
| RICE | 2024-07-17 | [Non-basmati rice bore the brunt of export restrictions imposed in 2023 \| Agriculture - Business Standard](https://feedsoft.ai/events/29328-non-basmati-rice-bore-the-brunt-of-export-restrictions-imposed-in-2023.md) | +2.3% | +2.7% |

## Sources

- taxguru.in: https://taxguru.in/dgft/amendment-export-policy-non-basmati-rice-hs-code-1006-30-90.html

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