# Govt mulls lifting rice export curbs as supply improves, prices stabilise | Economy & Policy News - Business Standard

> India is considering lifting some rice export restrictions because domestic prices are stable and government stockpiles are adequate, according to a source. The curbs cover about 60% of Indian rice exports, including a 20% duty and a ban on broken rice sales. The Rice Exporters Association plans to request approval to ship at least 1 million tonnes of broken rice.

- Date: 2023-01-09 · published 2023-01-09T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/37758-govt-mulls-lifting-rice-export-curbs-as-supply-improves-prices-stabilise
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Relaxing India's curbs would add supply to the world market, which should cool Asian benchmark rice prices that are near their highest since mid-2021.

## Read by commodity

- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2023-01-09 | [India considers lifting rice export curbs as supply improves \| The Straits Times](https://feedsoft.ai/events/37763-india-considers-lifting-rice-export-curbs-as-supply-improves-the-straits-times.md) | +2.1% | +0.3% |
| RICE | 2024-10-02 | [Rice battle heats up as India, Pakistan lift export curbs \| Business and Economy News \| Al Jazeera](https://feedsoft.ai/events/12946-rice-battle-heats-up-as-india-pakistan-lift-export-curbs-business-and-economy.md) | -1.1% | -2.4% |
| RICE | 2019-11-13 | [Govt caught in no man's land as foodgrain mountains keep growing taller \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/56035-govt-caught-in-no-man-s-land-as-foodgrain-mountains-keep-growing-taller-economy.md) | +3.0% | +5.9% |
| RICE | 2019-12-09 | [Govt may ask FCI to sell 1.5 MT broken rice for grain-based biodiesel units \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/55669-govt-may-ask-fci-to-sell-1-5-mt-broken-rice-for-grain-based-biodiesel-units.md) | +1.7% | +4.3% |
| RICE | 2024-09-18 | [India considers easing export curbs on non-basmati rice as supplies improve](https://feedsoft.ai/events/28269-india-considers-easing-export-curbs-on-non-basmati-rice-as-supplies-improve.md) | -0.6% | -2.0% |

## Sources

- business-standard.com: https://www.business-standard.com/article/economy-policy/govt-mulls-lifting-rice-export-curbs-as-supply-improves-prices-stabilise-123010900870_1.html

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