# Rice exporters in fear as move to hike MSP will make it expensive in global markets - The HinduBusinessLine

> Indian non-basmati rice exporters fear a sharp rise in the minimum support price for paddy, proposed at 50 per cent over production cost. They say India's rice shipments have already exceeded 10 million tonnes for April-January.

- Date: 2018-03-19 · published 2018-03-19T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/65962-rice-exporters-in-fear-as-move-to-hike-msp-will-make-it-expensive-in-global
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

A higher Indian MSP would raise export prices and could erode India's competitiveness, supporting world rice prices if the increase is large.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2024-01-24 | [Why Indian traders prefer to buy rice from open market rather from FCI - The HinduBusinessLine](https://feedsoft.ai/events/32204-why-indian-traders-prefer-to-buy-rice-from-open-market-rather-from-fci-the.md) | +4.2% | +4.6% |
| RICE | 2023-12-18 | [Rice export ban justified - The HinduBusinessLine](https://feedsoft.ai/events/32649-rice-export-ban-justified-the-hindubusinessline.md) | +1.6% | +3.1% |
| RICE | 2023-12-27 | [Global rice prices up 7% in a month on high demand, low supplies - The HinduBusinessLine](https://feedsoft.ai/events/32789-global-rice-prices-up-7-in-a-month-on-high-demand-low-supplies-the.md) | -2.4% | +3.7% |
| RICE | 2022-06-10 | [Explainer: Why India holds the key to global rice market outlook](https://feedsoft.ai/events/40902-explainer-why-india-holds-the-key-to-global-rice-market-outlook.md) | -1.7% | -2.0% |
| RICE | 2023-11-27 | [Global rice markets face stresses from El Niño, India export restrictions](https://feedsoft.ai/events/33101-global-rice-markets-face-stresses-from-el-nino-india-export-restrictions.md) | -2.2% | -1.0% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/economy/agri-business/rice-exporters-in-fear-as-move-to-hike-msp-will-make-it-expensive-in-global-markets/article23295332.ece

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