# MSP increase could hit non-basmati rice exports | India News - The Indian Express

> India raised the minimum support price for common paddy from Rs 1,550 to Rs 1,750 per quintal for this season. Exporters warn the increase will erode price competitiveness for non-basmati rice, which is mostly shipped to African markets.

- Date: 2018-07-14 · published 2018-07-14T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/64101-msp-increase-could-hit-non-basmati-rice-exports-india-news-the-indian-express
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

A higher Indian support price lifts the floor for domestic and export rice costs, reducing India's competitiveness and likely 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 | 2022-09-20 | [Rice Prices Might Increase if India Restricts Exports](https://feedsoft.ai/events/39666-rice-prices-might-increase-if-india-restricts-exports.md) | -1.6% | -5.5% |
| RICE | 2022-09-11 | [What government curbs on exporting rice mean for India and the world \| Explained News - The Indian Express](https://feedsoft.ai/events/39668-what-government-curbs-on-exporting-rice-mean-for-india-and-the-world-explained.md) | +2.9% | -2.9% |
| RICE | 2022-09-09 | [India restricts rice exports, could fuel food inflation](https://feedsoft.ai/events/39557-india-restricts-rice-exports-could-fuel-food-inflation.md) | +5.0% | -0.5% |
| RICE | 2023-10-29 | [India bans exports of some rice varieties: How this has impacted prices globally, in the country \| Explained News - The Indian Express](https://feedsoft.ai/events/33580-india-bans-exports-of-some-rice-varieties-how-this-has-impacted-prices-globally.md) | -0.0% | +6.3% |

## Sources

- indianexpress.com: https://indianexpress.com/article/india/msp-increase-basmati-rice-export-paddy-5259673/

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