◂ Event Timeline

Dec 6, 2023POLICYIndia

‘MEP imposed on Basmati to curb illegal export of white rice’

India imposed a minimum export price on basmati rice to stop illegal exports of non-basmati white rice under basmati codes. Basmati exports still rose 8.2% in April-October 2023 to 2.61 million tonnes.

WHY IT MATTERS

Basmati volumes are still growing despite the price floor, so the measure has limited effect on global rice supply and prices.

AFFECTSRough Rice◆

SOURCE
thehindubusinessline.comBL Mangaluru BureauDec 6, 2023

Price reaction & history

Rough Rice◆neutralSO FAR1d +0.8%5d +0.5%20d +0.7%

After 100 past neutral policy events, Rough Rice moved a median +0.0% over 5 sessions (51% higher; middle half -2.6% to +2.3%), and +0.7% over 20.

Apr 4, 2025India to implement new tariff line for rice exports from May 1 - The HinduBusinessLine+1.3%
Sep 15, 2021WTO: India’s interest in promoting wheat, rice exports may clash with G-33 proposal on MSP - The HinduBusinessLine+3.1%
Nov 10, 2023SEA urges Centre not to extend ricebran export ban beyond Nov-end - The HinduBusinessLine+3.5%
Oct 4, 2025India imposes new condition on non-basmati rice exports-3.9%
Mar 16, 2023Indian rice exporters unlikely to seek export duty rollback for now - The HinduBusinessLine-0.1%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Rough Rice RICE · GP ▸

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