# Export Shipments of Non-Basmati Rice Drop - Grainmart News

> Indian non-basmati rice exports fell 14.56% in FY2019 to 7.534 million tonnes. The decline is attributed to a higher minimum support price for paddy, which made Indian rice uncompetitive against Vietnam, Thailand, Myanmar and Pakistan. The 5% MEIS export incentive was discontinued on March 25, 2019, and exporters are seeking its renewal.

- Date: 2019-06-03 · published 2019-06-03T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/58558-export-shipments-of-non-basmati-rice-drop-grainmart-news
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Lower Indian export volumes reduce supply in the world rice market and tend to support Asian rice prices. If the MEIS incentive is not renewed, further export declines are likely.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2021-11-22 | [Non-Basmati and Basmati Rice Prices in India 22 November 2021 - Grainmart News](https://feedsoft.ai/events/44118-non-basmati-and-basmati-rice-prices-in-india-22-november-2021-grainmart-news.md) | -1.9% | -6.2% |
| RICE | 2023-05-01 | [India Non-Basmati Rice Export Prices Surge.](https://feedsoft.ai/events/36007-india-non-basmati-rice-export-prices-surge.md) | +3.9% | -1.8% |
| RICE | 2020-09-03 | [Demand for Non-basmati Exports from India Increases as Price Increases in Thailand and Vietnam - Grainmart News](https://feedsoft.ai/events/51089-demand-for-non-basmati-exports-from-india-increases-as-price-increases-in.md) | +1.5% | +1.0% |
| RICE | 2018-09-27 | [India to export first consignment of non-basmati rice to China tomorrow \| India to export first consignment of non-basmati rice to China tomorrow](https://feedsoft.ai/events/62996-india-to-export-first-consignment-of-non-basmati-rice-to-china-tomorrow-india.md) | +7.2% | +10.9% |
| RICE | 2019-08-03 | [India’s Non-basmati Rice Exporters Seek Parity in Import Duty](https://feedsoft.ai/events/57543-india-s-non-basmati-rice-exporters-seek-parity-in-import-duty.md) | -2.9% | -0.3% |

## Sources

- grainmart.in: https://www.grainmart.in/news/export-shipments-of-non-basmati-rice-drop/

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