# India scraps floor price for basmati rice exports to boost appeal |  Bloomberg News

> India has scrapped its minimum export price floor on basmati rice, a step intended to make Indian basmati more competitive in overseas markets.

- Date: 2026-11-01 · published 2026-11-01T18:15:46.803Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/31067-india-scraps-floor-price-for-basmati-rice-exports-to-boost-appeal-bloomberg-news
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Lower export barriers let Indian exporters offer lower prices and win back buyers, which pressures world basmati prices downward.

## Read by commodity

- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2024-10-22 | [India scraps parboiled rice export tax to boost shipments](https://feedsoft.ai/events/27794-india-scraps-parboiled-rice-export-tax-to-boost-shipments.md) | -0.1% | +0.5% |
| RICE | 2023-08-30 | [India allows exports of non-basmati white rice trapped at ports](https://feedsoft.ai/events/34531-india-allows-exports-of-non-basmati-white-rice-trapped-at-ports.md) | +1.2% | -2.2% |
| 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% |
| RICE | 2024-09-28 | [Govt eases export curbs for non-basmati white rice \| Business News - The Indian Express](https://feedsoft.ai/events/12949-govt-eases-export-curbs-for-non-basmati-white-rice-business-news-the-indian.md) | +0.1% | +0.0% |
| RICE | 2024-10-23 | [India lifts all curbs on rice exports, scraps 10% export duty on parboiled rice, $490 floor price for white rice - The HinduBusinessLine](https://feedsoft.ai/events/27795-india-lifts-all-curbs-on-rice-exports-scraps-10-export-duty-on-parboiled-rice.md) | -1.2% | -0.2% |

## Sources

- businessmirror.com.ph: https://businessmirror.com.ph/2024/09/15/india-scraps-floor-price-for-basmati-rice-exports-to-boost-appeal/

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