# Global rice prices to ease as India lifts export ban | Philstar.com

> Philippine officials hope that India's lifting of its non-Basmati white rice export ban will ease global rice prices. India has set a minimum export price of $490 per ton, which is significantly below current Vietnamese and Thai export prices. The ban had been in place since July 2023.

- Date: 2024-09-30 · published 2024-09-30T12:00:00.000Z
- Category: policy · region India · magnitude high
- Page: https://feedsoft.ai/events/28370-global-rice-prices-to-ease-as-india-lifts-export-ban-philstar-com
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Returning Indian non-Basmati supply adds to global availability, which is expected to pressure world rice prices lower, although the $490 floor limits how far they may fall.

## Read by commodity

- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2022-12-01 | [India officially lifts rice export ban](https://feedsoft.ai/events/38310-india-officially-lifts-rice-export-ban.md) | -6.2% | +0.5% |
| 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 | 2024-09-30 | [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 | 2024-10-28 | [West African rice market adjusts to price drops after India ends export duty \| S&P Global](https://feedsoft.ai/events/27916-west-african-rice-market-adjusts-to-price-drops-after-india-ends-export-duty-s.md) | -1.7% | +0.4% |

## Sources

- philstar.com: https://www.philstar.com/business/2024/10/01/2389148/global-rice-prices-ease-india-lifts-export-ban

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