# Spurt in domestic, export demand pushes basmati price by 10% in a month | Commodity - Food & Edible Oils - Business Standard

> Basmati rice rose about 10% in June 2020 to $1,000-1,200 a tonne from $900-1,100 at the end of May. Demand surged from Indian households and overseas buyers after the 70-day nationwide lockdown disrupted supply, and pipeline stocks ran down. The Karnal basmati paddy spot price also rose 10% in a month.

- Date: 2020-07-01 · published 2020-07-01T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/7940-spurt-in-domestic-export-demand-pushes-basmati-price-by-10-in-a-month-commodity
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Pipeline restocking on top of disrupted supply tightened basmati availability and lifted prices. Buyers should expect firm aromatic rice values while export demand holds.

## Read by commodity

- RICE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| RICE | 2020-07-07 | 5 | +20.6% | 4.0 | Strong June basmati price gains from domestic and export demand after lockdown disruptions and depleted pipeline stocks signal firm Asian rice demand that could support US rough rice futures. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2017-11-04 | [Rice drives India's agri exports \| Commodity - Food & Edible Oils - Business Standard](https://feedsoft.ai/events/67956-rice-drives-india-s-agri-exports-commodity-food-and-edible-oils-business.md) | -1.1% | +7.9% |
| RICE | 2017-11-16 | [Rice prices climb on improved overseas demand, fresh crop supply caps gains \| Commodity - Food & Edible Oils - Business Standard](https://feedsoft.ai/events/5277-rice-prices-climb-on-improved-overseas-demand-fresh-crop-supply-caps-gains.md) | +2.8% | -3.1% |
| RICE | 2023-07-26 | [India Rice Export Ban: Global rice markets in turmoil as India bans export of non-basmati \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/35135-india-rice-export-ban-global-rice-markets-in-turmoil-as-india-bans-export-of.md) | -0.5% | -2.8% |
| RICE | 2019-03-28 | [Basmati rice export may hit a record level of Rs 30,000 cr this season \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/60053-basmati-rice-export-may-hit-a-record-level-of-rs-30-000-cr-this-season-economy.md) | -4.3% | -8.8% |
| RICE | 2024-02-21 | [The impact of India’s rice export restrictions on global markets, supplies and prices \| The Business Standard](https://feedsoft.ai/events/31740-the-impact-of-india-s-rice-export-restrictions-on-global-markets-supplies-and.md) | -1.0% | -2.4% |

## Sources

- business-standard.com: https://www.business-standard.com/article/markets/spurt-in-domestic-export-demand-pushes-basmati-price-by-10-in-a-month-120070101520_1.html

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