# India to permit export of broken rice backed by letters of credit issued before sudden ban

> India will allow broken rice shipments of 397,267 tonnes that were backed by letters of credit issued before the 8 September export ban. The ban had trapped nearly 1 million tonnes of cargo at ports or in transit.

- Date: 2022-10-13 · published 2022-10-13T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/39076-india-to-permit-export-of-broken-rice-backed-by-letters-of-credit-issued-before
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Releasing trapped cargoes adds some supply to the export market, which is bearish for broken rice prices, especially for feed buyers in China.

## Read by commodity

- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2022-11-01 | [India allows rice exports backed by already issued letters of credit - The Hindu](https://feedsoft.ai/events/38627-india-allows-rice-exports-backed-by-already-issued-letters-of-credit-the-hindu.md) | +5.2% | +8.1% |
| RICE | 2025-03-07 | [India allows exports of broken rice to cut stockpiles](https://feedsoft.ai/events/25548-india-allows-exports-of-broken-rice-to-cut-stockpiles.md) | +4.9% | +1.4% |
| RICE | 2025-03-07 | [India lifts ban on 100% broken white rice exports \| S&P Global](https://feedsoft.ai/events/25550-india-lifts-ban-on-100-broken-white-rice-exports-s-and-p-global.md) | +4.9% | +1.4% |
| RICE | 2022-12-01 | [India officially lifts rice export ban](https://feedsoft.ai/events/38310-india-officially-lifts-rice-export-ban.md) | -6.2% | +0.5% |
| RICE | 2025-01-31 | [INTERVIEW: Ending ban on 100% broken rice exports would benefit Indian farmers, traders: TREAC](https://feedsoft.ai/events/26466-interview-ending-ban-on-100-broken-rice-exports-would-benefit-indian-farmers.md) | -2.0% | -4.7% |

## Sources

- theprint.in: https://theprint.in/world/india-to-permit-export-of-broken-rice-backed-by-letters-of-credit-issued-before-sudden-ban/1165678/

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