# India is considering to extend parboiled rice tax in risk to world supply | The Business Standard

> Bloomberg reports India is considering extending its 20% export tax on parboiled rice, which is due to expire March 31, to help control food inflation before elections. There is no immediate plan to ban parboiled exports, and Asian rice prices are reported near a 15-year high.

- Date: 2024-02-08 · published 2024-02-08T12:00:00.000Z
- Category: policy · region India · magnitude high
- Page: https://feedsoft.ai/events/31610-india-is-considering-to-extend-parboiled-rice-tax-in-risk-to-world-supply-the
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Extending the export levy would keep a major share of world rice supply constrained, likely pushing benchmark Asian prices higher and raising costs for importers in West Africa and the Middle East.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2025-05-01 | [India slaps 20% export duty on parboiled, milled rice for food safety \| India News - Business Standard](https://feedsoft.ai/events/24624-india-slaps-20-export-duty-on-parboiled-milled-rice-for-food-safety-india-news.md) | -1.8% | +3.2% |
| RICE | 2023-10-30 | [India's rice export restrictions are pushing global south towards a crisis \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/33578-india-s-rice-export-restrictions-are-pushing-global-south-towards-a-crisis.md) | -0.0% | +6.3% |
| RICE | 2021-10-07 | [Contact Us – Inside INdiana Business - India's rice export ban: The Asian countries set to be hit hard — and those that’ll profit](https://feedsoft.ai/events/44508-contact-us-inside-indiana-business-india-s-rice-export-ban-the-asian-countries.md) | +1.4% | -4.4% |
| RICE | 2023-12-21 | [India's agri exports may stay flat in FY24 due to ban on wheat, rice, sugar \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/32644-india-s-agri-exports-may-stay-flat-in-fy24-due-to-ban-on-wheat-rice-sugar.md) | -1.2% | +1.2% |
| RICE | 2023-02-23 | [India to extend rice export curbs to ensure domestic price stability, supply: Report](https://feedsoft.ai/events/37310-india-to-extend-rice-export-curbs-to-ensure-domestic-price-stability-supply.md) | +0.8% | +1.4% |

## Sources

- tbsnews.net: https://www.tbsnews.net/world/global-economy/india-considering-extend-parboiled-rice-tax-risk-world-supply-789158

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