# Steps in place to check price rise during festival season: Centre - The Hindu

> India's Union Food Secretary said the government has extended export restrictions on sugar, wheat and rice to keep domestic prices stable through the festival season. A 20% export duty on parboiled rice will remain until March 31, 2024, and 50 lakh tonnes of wheat will be offloaded via e-auction under the Open Market Sale Scheme.

- Date: 2023-10-19 · published 2023-10-19T12:00:00.000Z
- Category: policy · region India · magnitude high
- Page: https://feedsoft.ai/events/33577-steps-in-place-to-check-price-rise-during-festival-season-centre-the-hindu
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Extended Indian export curbs and wheat releases remove supply from world markets, supporting rice and wheat prices while adding domestic supply that caps Indian prices.

## Read by commodity

- RICE: bullish ▲
- WHEAT: neutral
- KWHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2023-07-20 | [Centre bans export of non-basmati white rice to check price rise - The Hindu](https://feedsoft.ai/events/35006-centre-bans-export-of-non-basmati-white-rice-to-check-price-rise-the-hindu.md) | +1.3% | -0.6% |
| RICE | 2024-04-07 | [Govt rushes to keep food prices in check during elections - The HinduBusinessLine](https://feedsoft.ai/events/30687-govt-rushes-to-keep-food-prices-in-check-during-elections-the-hindubusinessline.md) | +6.6% | +16.0% |
| RICE | 2024-01-08 | [Indian rice exporters expect to face challenges due to policy risks, high prices in 2024 - The Hindu](https://feedsoft.ai/events/32109-indian-rice-exporters-expect-to-face-challenges-due-to-policy-risks-high-prices.md) | -0.1% | +6.1% |
| RICE | 2018-07-11 | [Centre raises buying price, rice exports set to fall from October](https://feedsoft.ai/events/63990-centre-raises-buying-price-rice-exports-set-to-fall-from-october.md) | +1.7% | -7.6% |
| RICE | 2022-05-27 | [Centre is monitoring India's rice stock: Concerns rise over an export ban \| Times Now](https://feedsoft.ai/events/41361-centre-is-monitoring-india-s-rice-stock-concerns-rise-over-an-export-ban-times.md) | -2.8% | -6.9% |
| WHEAT | 2021-09-15 | [WTO: India’s interest in promoting wheat, rice exports may clash with G-33 proposal on MSP - The HinduBusinessLine](https://feedsoft.ai/events/45017-wto-india-s-interest-in-promoting-wheat-rice-exports-may-clash-with-g-33.md) | -3.8% | +4.6% |
| WHEAT | 2018-03-19 | [Draft Agri Export Policy seeks to end curbs to bring in stability - The HinduBusinessLine](https://feedsoft.ai/events/65960-draft-agri-export-policy-seeks-to-end-curbs-to-bring-in-stability-the.md) | -0.5% | +3.6% |
| WHEAT | 2018-01-03 | [Are we ready to prevent the next food price crisis? - Development Matters](https://feedsoft.ai/events/66883-are-we-ready-to-prevent-the-next-food-price-crisis-development-matters.md) | -0.2% | +3.2% |

## Sources

- thehindu.com: https://www.thehindu.com/news/national/steps-in-place-to-check-price-rise-during-festival-season-centre/article67439105.ece

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