# India Basmati Rice Exports May Drop to 3-Year Low on New EU Rule - Bloomberg

> India's basmati rice exports may fall to a three-year low of about 3.79 million tonnes in the year starting April 1, a decline of up to 5 percent. The drop is linked to a tighter EU fungicide rule and firmer local prices.

- Date: 2017-11-10 · published 2017-11-10T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/67954-india-basmati-rice-exports-may-drop-to-3-year-low-on-new-eu-rule-bloomberg
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Lower Indian basmati exports reduce supply to the world market, which supports international rice prices, while firmer domestic prices reflect tighter Indian supply.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2023-07-13 | [India Considers Banning Most Rice Exports on Inflation Fears - Bloomberg](https://feedsoft.ai/events/5094-india-considers-banning-most-rice-exports-on-inflation-fears-bloomberg.md) | -18.5% | -16.3% |
| RICE | 2018-07-14 | [MSP increase could hit non-basmati rice exports \| India News - The Indian Express](https://feedsoft.ai/events/64101-msp-increase-could-hit-non-basmati-rice-exports-india-news-the-indian-express.md) | +1.0% | -10.7% |
| RICE | 2023-02-12 | [India likely to continue curbs on wheat, rice exports \| India News](https://feedsoft.ai/events/37311-india-likely-to-continue-curbs-on-wheat-rice-exports-india-news.md) | -3.2% | -9.6% |
| RICE | 2022-08-29 | [India Seeks to Avoid Panic With Targeted Rice Export Curb - Bloomberg](https://feedsoft.ai/events/39985-india-seeks-to-avoid-panic-with-targeted-rice-export-curb-bloomberg.md) | +0.4% | +0.2% |
| 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% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2017-11-10/india-basmati-rice-exports-may-drop-to-3-year-low-on-new-eu-rule

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