# After electoral setback, Modi may be forced to amend India's food policy

> After its electoral setback, India's Modi government is reviewing its food policy, including whether to allow rice exports. Government stocks are reported to be well above targets, and a good monsoon is forecast.

- Date: 2024-07-01 · published 2024-07-01T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/29729-after-electoral-setback-modi-may-be-forced-to-amend-india-s-food-policy
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Reopening rice exports would add supply to the world market and pressure international rice prices lower.

## Read by commodity

- RICE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| RICE | 2024-06-30 | 5 | -8.9% | -2.9 | Reports that India may relax rice export curbs, with government stocks well above targets and a good monsoon forecast, point to more export supply and bearish sentiment, though the article is dated just after the window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| RICE | 2018-03-19 | [Draft Agri Export Policy seeks to end curbs to bring in stability - The HinduBusinessLine](https://feedsoft.ai/events/65960-draft-agri-export-policy-seeks-to-end-curbs-to-bring-in-stability-the.md) | -0.8% | +4.8% |
| RICE | 2019-11-13 | [Govt caught in no man's land as foodgrain mountains keep growing taller \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/56035-govt-caught-in-no-man-s-land-as-foodgrain-mountains-keep-growing-taller-economy.md) | +3.0% | +5.9% |
| RICE | 2019-12-09 | [Govt may ask FCI to sell 1.5 MT broken rice for grain-based biodiesel units \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/55669-govt-may-ask-fci-to-sell-1-5-mt-broken-rice-for-grain-based-biodiesel-units.md) | +1.7% | +4.3% |
| RICE | 2019-10-15 | [Granaries overflowing, Food dept’s SOS to MEA: Send wheat, rice as aid to deserving countries \| India News - The Indian Express](https://feedsoft.ai/events/56513-granaries-overflowing-food-dept-s-sos-to-mea-send-wheat-rice-as-aid-to.md) | -1.6% | -1.8% |

## Sources

- reuters.com: https://www.reuters.com/world/india/after-electoral-setback-modi-may-be-forced-amend-indias-food-policy-2024-06-21/

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