# India's basmati rice production to be higher than last year's level due to monsoon boost - The Economic Times

> Indian exporters expect basmati output in 2020 to rise about 7% from last year to 8 million tonnes, thanks to good rains and labour availability. Exporters report new orders from Saudi Arabia, Iraq and Eastern Europe, though payments from Iran are still outstanding.

- Date: 2020-08-18 · published 2020-08-18T12:00:00.000Z
- Category: weather · region India · magnitude low
- Page: https://feedsoft.ai/events/51562-india-s-basmati-rice-production-to-be-higher-than-last-year-s-level-due-to
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Higher basmati output and steady export demand point to ample supply for the new season, a mildly bearish factor for rice prices.

## Read by commodity

- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2019-04-25 | [‘Near-normal monsoon may boost foodgrain production’ - The Hindu](https://feedsoft.ai/events/59580-near-normal-monsoon-may-boost-foodgrain-production-the-hindu.md) | +0.9% | +11.6% |
| RICE | 2020-05-15 | [Rice prices ease on high production  \| The Business Standard](https://feedsoft.ai/events/7505-rice-prices-ease-on-high-production-the-business-standard.md) | -7.9% | -7.8% |
| RICE | 2025-04-15 | [India forecasts above average monsoon rains in boost to crop output, economy](https://feedsoft.ai/events/25056-india-forecasts-above-average-monsoon-rains-in-boost-to-crop-output-economy.md) | -3.0% | -12.3% |
| RICE | 2020-09-04 | [High production costs force rice mills to beg for government aid](https://feedsoft.ai/events/51194-high-production-costs-force-rice-mills-to-beg-for-government-aid.md) | -1.8% | +0.8% |
| RICE | 2022-06-01 | [India expected to see normal monsoon rains, could boost crop output](https://feedsoft.ai/events/41363-india-expected-to-see-normal-monsoon-rains-could-boost-crop-output.md) | -3.4% | -6.2% |

## Sources

- m.economictimes.com: https://m.economictimes.com/news/economy/agriculture/indias-basmati-rice-production-to-be-higher-than-last-years-level-due-to-monsoon-boost/articleshow/77616976.cms

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