# Non-basmati rice | Government removes minimum export price on overseas shipments of non-basmati white rice - Telegraph India

> The government removed the $490 per tonne minimum export price on overseas shipments of non-basmati white rice, effective immediately. The DGFT said the move aims to promote shipments, after a blanket ban was lifted on September 28.

- Date: 2024-10-23 · published 2024-10-23T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/27800-non-basmati-rice-government-removes-minimum-export-price-on-overseas-shipments
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Removing the price floor allows Indian exporters to compete more aggressively on price, which adds supply to global rice markets and pressures prices down.

## 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 | Removal of the $490 minimum export price on non-basmati white rice lets cheaper Indian rice compete globally, a bearish supply factor. |

## 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 | 2024-09-28 | [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 | 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 | 2024-07-10 | [Government to resume wheat sale from FCI stock; may take a call on lifting ban in rice exports - Times of India](https://feedsoft.ai/events/29224-government-to-resume-wheat-sale-from-fci-stock-may-take-a-call-on-lifting-ban.md) | -15.8% | -11.1% |

## Sources

- telegraphindia.com: https://www.telegraphindia.com/business/government-removes-minimum-export-price-on-overseas-shipments-of-non-basmati-white-rice/cid/2057774

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