# FCI rice stocks balloon on export barrier, OMSS failure - India News | The Financial Express

> India's Food Corporation held over 21 million tonnes of rice on July 1 against a buffer requirement of 13.5 million tonnes. Weak Open Market Sale Scheme demand and WTO constraints make exporting the surplus unlikely before the new procurement season.

- Date: 2017-08-07 · published 2017-08-07T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/69409-fci-rice-stocks-balloon-on-export-barrier-omss-failure-india-news-the-financial
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Large state rice stocks that cannot be exported keep Indian export supply constrained in the near term, limiting upward pressure on world rice prices from India.

## Read by commodity

- RICE: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2022-09-16 | [Why low stocks of rice, wheat and sugar shouldn’t push India to curb exports \| The Indian Express](https://feedsoft.ai/events/39563-why-low-stocks-of-rice-wheat-and-sugar-shouldn-t-push-india-to-curb-exports-the.md) | -2.4% | -5.9% |
| RICE | 2024-12-29 | [Food subsidy may surpass BE by Rs 20,000-crore - Economy News \| The Financial Express](https://feedsoft.ai/events/10458-food-subsidy-may-surpass-be-by-rs-20-000-crore-economy-news-the-financial.md) | +0.7% | +3.2% |
| RICE | 2018-04-12 | [Madhya Pradesh’s Basmati claim \| India News - The Indian Express](https://feedsoft.ai/events/65584-madhya-pradesh-s-basmati-claim-india-news-the-indian-express.md) | +2.9% | -2.8% |
| RICE | 2025-10-04 | [India imposes new condition on non-basmati rice exports](https://feedsoft.ai/events/22357-india-imposes-new-condition-on-non-basmati-rice-exports.md) | -3.9% | -7.6% |
| RICE | 2016-11-29 | [Relief for Centre, as rice, wheat, arhar, potato prices stable despite demonetisation - Commodities News \| The Financial Express](https://feedsoft.ai/events/73830-relief-for-centre-as-rice-wheat-arhar-potato-prices-stable-despite.md) | +4.2% | -3.0% |

## Sources

- prelaunch.financialexpress.com: https://prelaunch.financialexpress.com/india-news/fci-rice-stocks-balloon-on-export-barrier-omss-failure/798202/

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