# West African rice market adjusts to price drops after India ends export duty | S&P Global

> West African parboiled rice prices fell to an 11-month low, with Platts assessing 5% STX CFR Cotonou at $535/mt on Oct. 25. The drop follows India's removal of its 10% parboiled export duty and the end of the white rice minimum export price. Buyers are holding off on purchases, expecting further price declines despite upcoming seasonal demand.

- Date: 2024-10-28 · published 2024-10-28T12:00:00.000Z
- Category: policy · region West Africa · magnitude low
- Page: https://feedsoft.ai/events/27916-west-african-rice-market-adjusts-to-price-drops-after-india-ends-export-duty-s
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Lower Indian export costs are passing through to West African import prices, and cautious buying suggests continued softness in global parboiled rice prices.

## Read by commodity

- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2024-09-30 | [Global rice prices drop after India allows white rice exports \| Reuters](https://feedsoft.ai/events/12945-global-rice-prices-drop-after-india-allows-white-rice-exports-reuters.md) | +0.1% | +0.0% |
| RICE | 2024-09-30 | [Global rice prices to ease as India lifts export ban \| Philstar.com](https://feedsoft.ai/events/28370-global-rice-prices-to-ease-as-india-lifts-export-ban-philstar-com.md) | +0.1% | +0.0% |
| 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 | 2025-03-07 | [India lifts ban on 100% broken white rice exports \| S&P Global](https://feedsoft.ai/events/25550-india-lifts-ban-on-100-broken-white-rice-exports-s-and-p-global.md) | +4.9% | +1.4% |
| RICE | 2024-09-29 | [FACTBOX Why India's easing of export curbs is important to global rice trade \| Reuters](https://feedsoft.ai/events/28268-factbox-why-india-s-easing-of-export-curbs-is-important-to-global-rice-trade.md) | +0.1% | +0.0% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/102824-west-african-rice-market-adjusts-to-price-drops-after-india-ends-export-duty

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