# Q1 basmati exports up 32% - The HinduBusinessLine

> Indian Basmati rice exports rebounded 32% in the first quarter of fiscal 2017-18, driven by higher prices and volumes, according to ICRA. The agency expects total exports of 4.1 million tonnes, but warned that Iran's suspension of imports since August is a key risk.

- Date: 2017-09-21 · published 2017-09-21T12:00:00.000Z
- Category: trade · region India · magnitude low
- Page: https://feedsoft.ai/events/68937-q1-basmati-exports-up-32-the-hindubusinessline
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Iran's absence as a major buyer could weigh on Basmati demand and export prices in the second half of the fiscal year, a bearish factor for rice.

## Read by commodity

- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2018-08-01 | [Basmati exporters fear volume hit - The HinduBusinessLine](https://feedsoft.ai/events/63496-basmati-exporters-fear-volume-hit-the-hindubusinessline.md) | -8.4% | -11.1% |
| RICE | 2020-05-08 | [Non-basmati exports may rebound as India attracts new customers - The HinduBusinessLine](https://feedsoft.ai/events/53192-non-basmati-exports-may-rebound-as-india-attracts-new-customers-the.md) | +3.4% | +22.0% |
| RICE | 2020-02-05 | [Rice exports may fall by 20 per cent this fiscal  - The HinduBusinessLine](https://feedsoft.ai/events/54540-rice-exports-may-fall-by-20-per-cent-this-fiscal-the-hindubusinessline.md) | +0.1% | -1.3% |
| RICE | 2021-09-22 | [Rice exports from India lose steam in the current quarter - The HinduBusinessLine](https://feedsoft.ai/events/45022-rice-exports-from-india-lose-steam-in-the-current-quarter-the-hindubusinessline.md) | +0.6% | -0.9% |
| RICE | 2018-12-31 | [Pulses, dairy products drive farm exports in April-Nov  - The HinduBusinessLine](https://feedsoft.ai/events/61542-pulses-dairy-products-drive-farm-exports-in-april-nov-the-hindubusinessline.md) | +3.5% | +6.7% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/economy/agri-business/q1-basmati-exports-up-32/article64273544.ece

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