# Pakistan’s rice exports surge to record amid India's export restrictions

> Pakistan's rice exports rose 74.8% year over year to a record $3.68 billion in fiscal 2023-24, according to State Bank of Pakistan data. The surge followed India's export curbs imposed in 2023 and extended into 2024 to hold down domestic prices before the general elections. India is reportedly considering easing curbs by cutting the basmati floor price and replacing the parboiled rice export tax with a fixed duty.

- Date: 2024-07-20 · published 2024-07-20T12:00:00.000Z
- Category: policy · region India · magnitude high
- Page: https://feedsoft.ai/events/4979-pakistan-s-rice-exports-surge-to-record-amid-india-s-export-restrictions
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Indian export restrictions have shifted global rice trade to Pakistan and other suppliers, supporting world rice prices. Possible Indian easing would return supply to the market and could weaken prices and Pakistani market share.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2024-05-07 | [Asian Rice Market On Edge: India's Export Restrictions Propel Global Prices](https://feedsoft.ai/events/30330-asian-rice-market-on-edge-india-s-export-restrictions-propel-global-prices.md) | +1.6% | -4.5% |
| RICE | 2023-10-18 | [India’s rice export restrictions need multilateral solutions](https://feedsoft.ai/events/33581-india-s-rice-export-restrictions-need-multilateral-solutions.md) | +1.6% | +5.5% |
| RICE | 2024-07-29 | [After a year, India’s rice export restrictions continue to fuel high prices \| IFPRI](https://feedsoft.ai/events/29222-after-a-year-india-s-rice-export-restrictions-continue-to-fuel-high-prices-ifpri.md) | -1.9% | -1.5% |
| RICE | 2024-05-07 | [INDIA ELECTIONS: Restrictive steps for wheat, rice exports may persist amid sticky inflation \| S&P Global](https://feedsoft.ai/events/30206-india-elections-restrictive-steps-for-wheat-rice-exports-may-persist-amid.md) | +1.6% | -4.5% |
| 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% |

## Sources

- mettisglobal.news: https://mettisglobal.news/pakistans-rice-exports-surge-to-record-amid-indias-export-restrictions

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