# Swelling granaries may prompt India to ease rice export curbs | Mint

> Swelling Indian rice stocks and an expected good harvest may lead the government to relax its export curbs. An inter-ministerial meeting proposed replacing the non-basmati and broken rice export ban with a fixed duty and lowering the minimum export price for basmati. India exported 15.7 million tonnes of rice in FY24, down from 21.8 million in FY23.

- Date: 2024-07-09 · published 2024-07-09T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/29225-swelling-granaries-may-prompt-india-to-ease-rice-export-curbs-mint
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Relaxing the curbs would release exportable supply and ease upward pressure on world rice prices. Rice buyers in importing countries would benefit from lower offers.

## Read by commodity

- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2024-10-23 | [With granaries full, India axes export duty on parboiled rice \| Mint](https://feedsoft.ai/events/27796-with-granaries-full-india-axes-export-duty-on-parboiled-rice-mint.md) | -1.2% | -0.2% |
| 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% |
| 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 | 2024-09-18 | [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 | 2024-10-03 | [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% |

## Sources

- livemint.com: https://www.livemint.com/industry/agriculture/rising-stocks-may-prompt-govt-to-consider-relaxing-rice-export-curbs-11720423887541.html

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