# Rice Procurement Target & Export issue with Europe - Mundus Agri

> The European Commission has tightened the residue limit for Basmati rice, and India's Commerce Secretary said the ministry is negotiating with the EU. The central government also set the 2017-18 rice procurement target at 37.5 million tonnes, up from 33 million tonnes last season.

- Date: 2017-07-28 · published 2017-07-28T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/69949-rice-procurement-target-and-export-issue-with-europe-mundus-agri
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Higher state procurement targets point to large Indian rice stocks, while the EU residue limit threatens an export market, both of which weigh on export prices.

## Read by commodity

- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2024-06-20 | [Commerce Ministry to take up the issue of rice export curbs with inter-ministerial panel - The HinduBusinessLine](https://feedsoft.ai/events/29724-commerce-ministry-to-take-up-the-issue-of-rice-export-curbs-with-inter.md) | -2.0% | -21.3% |
| RICE | 2024-10-23 | [With granaries full, India axes export duty on parboiled rice \| Mint](https://feedsoft.ai/events/27796-with-granaries-full-india-axes-export-duty-on-parboiled-rice-mint.md) | -1.2% | -0.2% |
| RICE | 2024-07-09 | [Swelling granaries may prompt India to ease rice export curbs \| Mint](https://feedsoft.ai/events/29225-swelling-granaries-may-prompt-india-to-ease-rice-export-curbs-mint.md) | -13.9% | -10.5% |
| RICE | 2024-10-22 | [India scraps parboiled rice export tax to boost shipments](https://feedsoft.ai/events/27794-india-scraps-parboiled-rice-export-tax-to-boost-shipments.md) | -0.1% | +0.5% |
| RICE | 2024-10-28 | [West African rice market adjusts to price drops after India ends export duty \| S&P Global](https://feedsoft.ai/events/27916-west-african-rice-market-adjusts-to-price-drops-after-india-ends-export-duty-s.md) | -1.7% | +0.4% |

## Sources

- mundus-agri.eu: https://www.mundus-agri.eu/news/rice-procurement-target-export-issue-europe.n1903.html

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