# Indian rice exporters expect to face challenges due to policy risks, high prices in 2024 - The Hindu

> Indian rice exporters expect 2024 to be a challenging year with policy uncertainty and high local prices. Restrictions, including the ban on non-basmati white rice and a 20% duty on parboiled rice, are expected to remain at least into the first half of 2024. USDA projects Indian rice output for 2023/24 at 128 million mt, down from 135.5 million mt.

- Date: 2024-01-08 · published 2024-01-08T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/32109-indian-rice-exporters-expect-to-face-challenges-due-to-policy-risks-high-prices
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Expected extended restrictions and lower Indian production tighten global rice supply, supporting prices. Buyers should expect continued high rice costs through at least mid-2024.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2024-07-29 | [After a year, India’s rice export restrictions continue to fuel high prices \| IFPRI](https://feedsoft.ai/events/29222-after-a-year-india-s-rice-export-restrictions-continue-to-fuel-high-prices-ifpri.md) | -1.9% | -1.5% |
| RICE | 2022-09-22 | [India defends its decision to ban rice, wheat exports at WTO - The Hindu](https://feedsoft.ai/events/39558-india-defends-its-decision-to-ban-rice-wheat-exports-at-wto-the-hindu.md) | -1.5% | -6.5% |
| RICE | 2026-07-16 | [Indian rice export prices extend gain on higher reserve price, monsoon concerns - The Economic Times](https://feedsoft.ai/events/9568-indian-rice-export-prices-extend-gain-on-higher-reserve-price-monsoon-concerns.md) | +2.7% | -0.1% |
| RICE | 2023-10-19 | [Steps in place to check price rise during festival season: Centre - The Hindu](https://feedsoft.ai/events/33577-steps-in-place-to-check-price-rise-during-festival-season-centre-the-hindu.md) | +1.6% | +6.8% |

## Sources

- thehindu.com: https://www.thehindu.com/business/Industry/indian-rice-exporters-expect-to-face-challenges-due-to-policy-risks-and-high-prices-in-2024/article67718775.ece

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