# Central govt's restrictions on rice exports puts wheat and sugar in focus | Economy & Policy News - Business Standard

> India expanded its rice export curbs to cover all varieties it ships abroad, and confirmed a 20% export tax on parboiled rice plus a minimum shipment price on basmati. The measures follow a rise in domestic food prices ahead of next year's election. Speculation is growing that sugar shipments could be restricted next, and a wheat tariff may be scrapped.

- Date: 2023-08-28 · published 2023-08-28T12:00:00.000Z
- Category: policy · region India · magnitude high
- Page: https://feedsoft.ai/events/34529-central-govt-s-restrictions-on-rice-exports-puts-wheat-and-sugar-in-focus
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

India is the world's top rice exporter, responsible for almost 40% of global rice trade, so broader curbs remove supply and push global rice prices higher. Possible sugar or wheat restrictions would add further upward pressure on those markets.

## Read by commodity

- RICE: bullish ▲
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2023-10-30 | [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 | 2019-07-29 | [India's non-basmati rice export falls after govt withdraws tax incentive \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/58049-india-s-non-basmati-rice-export-falls-after-govt-withdraws-tax-incentive.md) | -4.0% | -10.0% |
| RICE | 2017-11-13 | [Rice price may surge as Chhattisgarh govt announces bonus on paddy \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/5279-rice-price-may-surge-as-chhattisgarh-govt-announces-bonus-on-paddy-economy-and.md) | +10.0% | +9.4% |
| RICE | 2018-07-14 | [MSP hike in Kharif crops may dent India's farm exports in long term \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/63991-msp-hike-in-kharif-crops-may-dent-india-s-farm-exports-in-long-term-economy-and.md) | +1.0% | -10.7% |
| WHEAT | 2026-07-28 | [US, Japan urge India to address export restrictions in farm sector \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/18288-us-japan-urge-india-to-address-export-restrictions-in-farm-sector-economy-and.md) | -1.0% | +2.3% |
| WHEAT | 2021-11-17 | [India to pitch for permanent solution for food security in WTO meet \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/44023-india-to-pitch-for-permanent-solution-for-food-security-in-wto-meet-economy-and.md) | +1.3% | -7.4% |
| WHEAT | 2023-08-29 | [ITC's Puri hopes food export bans are short-lived once supply stabilises \| Company News - Business Standard](https://feedsoft.ai/events/34535-itc-s-puri-hopes-food-export-bans-are-short-lived-once-supply-stabilises.md) | -0.5% | +0.9% |

## Sources

- business-standard.com: https://www.business-standard.com/economy/news/india-s-restrictions-on-rice-exports-puts-wheat-and-sugar-in-focus-123082800919_1.html

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