# BMI cuts rice futures forecast for 2025 after India eases export restrictions

> BMI cut its 2025 average rough rice futures forecast to $14.85 per cwt, a 6.3% downward revision, and lowered its 2024 outlook to $16.35. The revision followed India's easing of rice export restrictions, which cut Thai export quotes by over 10% in early October. US rice exports are running strong, with a four-season high in commitments.

- Date: 2024-10-11 · published 2024-10-11T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/27915-bmi-cuts-rice-futures-forecast-for-2025-after-india-eases-export-restrictions
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Lower Indian export restrictions are expected to keep global rice prices lower, with US export strength providing only limited support.

## Read by commodity

- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2024-11-08 | [India lifts export restrictions on rice \| IFPRI](https://feedsoft.ai/events/27367-india-lifts-export-restrictions-on-rice-ifpri.md) | +1.9% | +4.8% |
| RICE | 2024-10-03 | [Global rice price declines to its lowest since 2008 as India eases export restrictions   - Nairametrics](https://feedsoft.ai/events/12947-global-rice-price-declines-to-its-lowest-since-2008-as-india-eases-export.md) | +0.0% | -3.9% |
| RICE | 2024-10-03 | [Rice Prices Plunge Most in 16 Years After India Eases Export Curbs - Bloomberg](https://feedsoft.ai/events/12944-rice-prices-plunge-most-in-16-years-after-india-eases-export-curbs-bloomberg.md) | +0.0% | -3.9% |
| 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 | 2024-07-17 | [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

- theedgemalaysia.com: https://theedgemalaysia.com/node/729826

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