# India's non-basmati rice export falls after govt withdraws tax incentive | Economy & Policy News - Business Standard

> India's non-basmati rice exports halved in April-May 2019 after the government withdrew a 5% export incentive from April 1. Shipments fell to 711,837 tonnes from 1.53 million tonnes a year earlier, and export value dropped more than 50% to $294 million.

- Date: 2019-07-29 · published 2019-07-29T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/58049-india-s-non-basmati-rice-export-falls-after-govt-withdraws-tax-incentive
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

India is a major rice exporter, so a sharp drop in its non-basmati shipments removes supply from world markets and may firm global rice prices, while MSP increases make Indian rice less competitive.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2023-12-21 | [India's agri exports may stay flat in FY24 due to ban on wheat, rice, sugar \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/32644-india-s-agri-exports-may-stay-flat-in-fy24-due-to-ban-on-wheat-rice-sugar.md) | -1.2% | +1.2% |
| RICE | 2023-08-28 | [Central govt's restrictions on rice exports puts wheat and sugar in focus \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/34529-central-govt-s-restrictions-on-rice-exports-puts-wheat-and-sugar-in-focus.md) | +6.2% | +1.1% |
| RICE | 2023-10-30 | [India's rice export restrictions are pushing global south towards a crisis \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/33578-india-s-rice-export-restrictions-are-pushing-global-south-towards-a-crisis.md) | -0.0% | +6.3% |
| RICE | 2018-07-14 | [MSP hike in Kharif crops may dent India's farm exports in long term \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/63991-msp-hike-in-kharif-crops-may-dent-india-s-farm-exports-in-long-term-economy-and.md) | +1.0% | -10.7% |
| RICE | 2017-11-13 | [Rice price may surge as Chhattisgarh govt announces bonus on paddy \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/5279-rice-price-may-surge-as-chhattisgarh-govt-announces-bonus-on-paddy-economy-and.md) | +10.0% | +9.4% |

## Sources

- business-standard.com: https://www.business-standard.com/article/economy-policy/india-s-non-basmati-rice-export-falls-after-govt-withdraws-tax-incentive-119072901168_1.html

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