# India Rice Export Ban: Global rice markets in turmoil as India bans export of non-basmati | Economy & Policy News - Business Standard

> Global rice markets are in turmoil after India banned non-basmati white rice exports on July 20, pushing up global prices. The IMF has urged India to reconsider, and the government may allow government-to-government sales, especially to West African buyers.

- Date: 2023-07-26 · published 2023-07-26T12:00:00.000Z
- Category: trade · region India · magnitude high
- Page: https://feedsoft.ai/events/35135-india-rice-export-ban-global-rice-markets-in-turmoil-as-india-bans-export-of
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

The ban has shifted demand toward Vietnam, Pakistan and Thailand and could reverse if India allows G2G sales. Until then, import-dependent buyers face higher and more volatile rice prices.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2019-03-28 | [Basmati rice export may hit a record level of Rs 30,000 cr this season \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/60053-basmati-rice-export-may-hit-a-record-level-of-rs-30-000-cr-this-season-economy.md) | -4.3% | -8.8% |
| RICE | 2024-02-21 | [The impact of India’s rice export restrictions on global markets, supplies and prices \| The Business Standard](https://feedsoft.ai/events/31740-the-impact-of-india-s-rice-export-restrictions-on-global-markets-supplies-and.md) | -1.0% | -2.4% |
| RICE | 2019-09-07 | [Indian rice exports face threat from Asian peers, including Pakistan \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/57016-indian-rice-exports-face-threat-from-asian-peers-including-pakistan-economy-and.md) | +2.4% | -0.3% |
| RICE | 2020-05-19 | [Non-basmati exporters see opportunity amid Covid-19 as crops fail elsewhere \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/53101-non-basmati-exporters-see-opportunity-amid-covid-19-as-crops-fail-elsewhere.md) | +1.1% | -2.1% |
| RICE | 2021-06-10 | [India's agriculture exports jump 17.34% to $41.25 billion in FY21 \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/46519-india-s-agriculture-exports-jump-17-34-to-41-25-billion-in-fy21-economy-and.md) | -5.5% | -4.6% |

## Sources

- business-standard.com: https://www.business-standard.com/economy/news/global-rice-markets-in-turmoil-as-india-bans-export-of-non-basmati-123072601336_1.html

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