# Centre raises buying price, rice exports set to fall from October

> India raised the guaranteed paddy purchase price by 13% from a year earlier to Rs 1,750 per 100 kg, ahead of the 2019 election. Exporters say India's rice exports are set to ease from October as higher prices make Indian cargoes less competitive against Thailand and Vietnam.

- Date: 2018-07-11 · published 2018-07-11T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/63990-centre-raises-buying-price-rice-exports-set-to-fall-from-october
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Higher Indian floor prices reduce its export competitiveness, shifting Asian and African rice demand toward Thai and Vietnamese supply and supporting global rice prices.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2023-07-20 | [Centre bans export of non-basmati white rice to check price rise - The Hindu](https://feedsoft.ai/events/35006-centre-bans-export-of-non-basmati-white-rice-to-check-price-rise-the-hindu.md) | +1.3% | -0.6% |
| RICE | 2022-05-27 | [Centre is monitoring India's rice stock: Concerns rise over an export ban \| Times Now](https://feedsoft.ai/events/41361-centre-is-monitoring-india-s-rice-stock-concerns-rise-over-an-export-ban-times.md) | -2.8% | -6.9% |
| RICE | 2024-02-02 | [Centre keeping all options open to curb rice prices: Food secretary \| Agriculture - Business Standard](https://feedsoft.ai/events/31609-centre-keeping-all-options-open-to-curb-rice-prices-food-secretary-agriculture.md) | +3.0% | +0.6% |
| RICE | 2023-05-24 | [Ban on wheat exports, curbs on rice shipments to stay](https://feedsoft.ai/events/35894-ban-on-wheat-exports-curbs-on-rice-shipments-to-stay.md) | +3.6% | +5.5% |
| RICE | 2023-10-19 | [Steps in place to check price rise during festival season: Centre - The Hindu](https://feedsoft.ai/events/33577-steps-in-place-to-check-price-rise-during-festival-season-centre-the-hindu.md) | +1.6% | +6.8% |

## Sources

- zeebiz.com: https://www.zeebiz.com/india/news-centre-raises-buying-price-rice-exports-set-to-fall-from-october-54737

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