# India's rice output to drop for the first time in 8 years, government says | Reuters

> India's government says rice output will fall for the first time in eight years, following its ban on exports of non-basmati white rice. Lower production raises the likelihood that the government will extend export curbs to hold down food prices before a general election.

- Date: 2024-02-29 · published 2024-02-29T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/31607-india-s-rice-output-to-drop-for-the-first-time-in-8-years-government-says
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

A smaller Indian crop combined with continued export restrictions keeps tight supply in the world rice market, supporting Asian rice prices that are already near multi-year highs.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2023-11-04 | [India to extend free food grains programme by five years, says Modi \| Reuters](https://feedsoft.ai/events/33137-india-to-extend-free-food-grains-programme-by-five-years-says-modi-reuters.md) | +4.2% | +4.2% |
| RICE | 2022-09-11 | [What government curbs on exporting rice mean for India and the world \| Explained News - The Indian Express](https://feedsoft.ai/events/39668-what-government-curbs-on-exporting-rice-mean-for-india-and-the-world-explained.md) | +2.9% | -2.9% |
| RICE | 2023-11-01 | [India's smaller rice crop paves way for prolonged export curbs \| Reuters](https://feedsoft.ai/events/33134-india-s-smaller-rice-crop-paves-way-for-prolonged-export-curbs-reuters.md) | +1.2% | +8.0% |
| RICE | 2022-09-09 | [India's rice curbs to lift prices, stoke food inflation worries \| Reuters](https://feedsoft.ai/events/39561-india-s-rice-curbs-to-lift-prices-stoke-food-inflation-worries-reuters.md) | +5.0% | -0.5% |
| RICE | 2023-08-16 | [Exclusive: On El Nino fear, India’s rice export ban may continue till at least November: Government source](https://feedsoft.ai/events/34532-exclusive-on-el-nino-fear-india-s-rice-export-ban-may-continue-till-at-least.md) | -0.6% | +3.4% |

## Sources

- reuters.com: https://www.reuters.com/world/india/indias-wheat-rice-output-drop-202324-government-says-2024-02-29/

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