# As the demand increased, the price of rice in India increased

> Indian 5% broken parboiled rice rose to $544-$552/t, near a three-month high, after India raised its paddy procurement price 5.4% to 2,300 rupees per 100 kg. Thai 5% broken slipped to $615-$620, while Vietnamese rice eased to $570 as buyers waited for the Philippines to finalize its tariff cut.

- Date: 2024-06-24 · published 2024-06-24T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/29841-as-the-demand-increased-the-price-of-rice-in-india-increased
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

A higher paddy support price lifts Indian export floor prices, though buyers are holding back pending the Philippine tariff decision, limiting near-term export volume.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2022-09-20 | [Rice Prices Might Increase if India Restricts Exports](https://feedsoft.ai/events/39666-rice-prices-might-increase-if-india-restricts-exports.md) | -1.6% | -5.5% |
| RICE | 2024-03-26 | [India's rice exports at risk as exporters face huge tax demand-sources](https://feedsoft.ai/events/31138-india-s-rice-exports-at-risk-as-exporters-face-huge-tax-demand-sources.md) | -5.7% | +12.6% |
| RICE | 2023-12-27 | [Global rice prices up 7% in a month on high demand, low supplies - The HinduBusinessLine](https://feedsoft.ai/events/32789-global-rice-prices-up-7-in-a-month-on-high-demand-low-supplies-the.md) | -2.4% | +3.7% |
| RICE | 2018-07-14 | [MSP increase could hit non-basmati rice exports \| India News - The Indian Express](https://feedsoft.ai/events/64101-msp-increase-could-hit-non-basmati-rice-exports-india-news-the-indian-express.md) | +1.0% | -10.7% |
| RICE | 2020-06-16 | [Indian Government Has Imposed A 20% Duty On The Export Of Parboiled Rice Basmati Rice , - Eastgate Export](https://feedsoft.ai/events/52579-indian-government-has-imposed-a-20-duty-on-the-export-of-parboiled-rice-basmati.md) | -16.1% | -3.0% |

## Sources

- gfmdhaka.com: https://gfmdhaka.com/news/as-the-demand-increased-the-price-of-rice-in-india-increased

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