# Press Release:Press Information Bureau

> India's government issued a fact sheet defending its September rice export changes, including the ban on broken rice exports. It said broken rice exports rose more than 43-fold since 2019 and that ethanol plants received far less rice than contracted. Domestic broken rice prices had risen to Rs16/kg, which squeezed poultry and livestock feed costs.

- Date: 2022-09-22 · published 2022-09-22T12:00:00.000Z
- Category: policy · region India · magnitude high
- Page: https://feedsoft.ai/events/39556-press-release-press-information-bureau
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Restricting broken rice exports removes a low-cost feed grain from world markets, which supports rice and substitute feed prices. Tighter Indian supply is likely to keep global rice prices firm.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2022-09-09 | [Press Release:Press Information Bureau](https://feedsoft.ai/events/39669-press-release-press-information-bureau.md) | +5.0% | -0.5% |
| 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 | 2022-09-20 | [Rice Prices Might Increase if India Restricts Exports](https://feedsoft.ai/events/39666-rice-prices-might-increase-if-india-restricts-exports.md) | -1.6% | -5.5% |
| RICE | 2022-09-09 | [India restricts rice exports, could fuel food inflation](https://feedsoft.ai/events/39557-india-restricts-rice-exports-could-fuel-food-inflation.md) | +5.0% | -0.5% |
| RICE | 2023-09-12 | [India's retail inflation eases in August, upside risks remain \| Reuters](https://feedsoft.ai/events/34050-india-s-retail-inflation-eases-in-august-upside-risks-remain-reuters.md) | +1.3% | +0.1% |

## Sources

- pib.gov.in: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1861558&lang=2&reg=3

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