# MSP hike in Kharif crops may dent India's farm exports in long term | Economy & Policy News - Business Standard

> India's cabinet raised minimum support prices for kharif crops by 4-53% for 2018. Industry officials warn the increases make Indian farm commodities uncompetitive abroad and may lower exports over time.

- Date: 2018-07-14 · published 2018-07-14T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/63991-msp-hike-in-kharif-crops-may-dent-india-s-farm-exports-in-long-term-economy-and
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Higher Indian support prices could reduce exportable surpluses of rice and other grains, modestly supporting world prices if the export loss is sustained.

## 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 | 2019-07-29 | [India's non-basmati rice export falls after govt withdraws tax incentive \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/58049-india-s-non-basmati-rice-export-falls-after-govt-withdraws-tax-incentive.md) | -4.0% | -10.0% |
| 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 | 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 | 2023-07-20 | [Top rice exporter India bans most shipments as late monsoon hits crop \| India News - Business Standard](https://feedsoft.ai/events/35008-top-rice-exporter-india-bans-most-shipments-as-late-monsoon-hits-crop-india.md) | +1.3% | -0.6% |

## Sources

- business-standard.com: https://www.business-standard.com/article/economy-policy/msp-hike-in-kharif-crops-may-dent-india-s-farm-exports-in-long-term-118071400478_1.html

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