# India bans exports of some rice varieties: How this has impacted prices globally, in the country | Explained News - The Indian Express

> India's Agriculture Ministry projected 2023-24 kharif rice output at 106.3 million tonnes, 3.7% below last year, after India banned non-basmati white rice exports in July. Global rice quotes jumped after the ban and remain above pre-ban levels.

- Date: 2023-10-29 · published 2023-10-29T12:00:00.000Z
- Category: policy · region India · magnitude high
- Page: https://feedsoft.ai/events/33580-india-bans-exports-of-some-rice-varieties-how-this-has-impacted-prices-globally
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

A lower Indian rice crop combined with the export ban tightens world supply, keeping global rice prices firm.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2018-07-14 | [MSP increase could hit non-basmati rice exports \| India News - The Indian Express](https://feedsoft.ai/events/64101-msp-increase-could-hit-non-basmati-rice-exports-india-news-the-indian-express.md) | +1.0% | -10.7% |
| RICE | 2021-01-29 | [Export rules by some countries force rise in global crop prices \| AGDAILY](https://feedsoft.ai/events/49099-export-rules-by-some-countries-force-rise-in-global-crop-prices-agdaily.md) | -2.7% | -4.8% |
| 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 | 2018-11-22 | [India: Temporary export incentive on certain rice varieties - Global Trade Alert](https://feedsoft.ai/events/61999-india-temporary-export-incentive-on-certain-rice-varieties-global-trade-alert.md) | +1.2% | -2.2% |
| RICE | 2023-07-25 | [India’s new ban on rice exports: Potential threats to global supply, prices, and food security \| IFPRI](https://feedsoft.ai/events/34967-india-s-new-ban-on-rice-exports-potential-threats-to-global-supply-prices-and.md) | -4.5% | -4.2% |

## Sources

- indianexpress.com: https://indianexpress.com/article/explained/explained-economics/india-bans-exports-of-some-rice-explained-9004685/

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