# Basmati rice to remain costlier this year on lower output estimates | Economy & Policy News - Business Standard

> Indian Basmati paddy and rice prices are expected to stay firm after deficient monsoon rains cut sowing and standing crops, with cumulative rainfall 5% below average. Iran's halt in Basmati imports could also weigh on exports.

- Date: 2017-09-27 · published 2017-09-27T12:00:00.000Z
- Category: weather · region India · magnitude medium
- Page: https://feedsoft.ai/events/68936-basmati-rice-to-remain-costlier-this-year-on-lower-output-estimates-economy-and
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Lower Indian Basmati output and firm prices support rice values and could curb exports to key buyers, tightening global aromatic rice supplies.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2021-08-23 | [Crop sowing lags in India on scanty rains, raises concerns over yields \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/45520-crop-sowing-lags-in-india-on-scanty-rains-raises-concerns-over-yields-economy.md) | -0.3% | +3.4% |
| RICE | 2017-11-03 | [Paddy bonus casts shadow over rice export in Chhattisgarh \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/67957-paddy-bonus-casts-shadow-over-rice-export-in-chhattisgarh-economy-and-policy.md) | +0.2% | +11.7% |
| RICE | 2019-07-29 | [Food to get costlier: Inflation may rise as poor monsoon rains hit rice, food grain output - Economy News \| The Financial Express](https://feedsoft.ai/events/58050-food-to-get-costlier-inflation-may-rise-as-poor-monsoon-rains-hit-rice-food.md) | -4.0% | -10.0% |
| RICE | 2017-09-13 | [Patchy monsoon clouds prospects for bumper harvest repeat this year \| Business News - The Indian Express](https://feedsoft.ai/events/68940-patchy-monsoon-clouds-prospects-for-bumper-harvest-repeat-this-year-business.md) | +0.7% | -5.3% |
| RICE | 2023-06-06 | [Will dry weather and export restrictions make the rice market volatile? \| The Business Standard](https://feedsoft.ai/events/35561-will-dry-weather-and-export-restrictions-make-the-rice-market-volatile-the.md) | +9.6% | +1.9% |

## Sources

- business-standard.com: https://www.business-standard.com/article/economy-policy/basmati-rice-to-remain-costlier-this-year-on-lower-output-estimates-117092600339_1.html

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