India Lifts Ban on Non-Basmati White Rice Exports

The government sets a minimum export price to stabilize both domestic and international markets.

India has lifted its ban on the export of non-basmati white rice, which was in place since July 2023.
A minimum export price of $490 per metric ton has been established to prevent cheap exports.
This policy change comes as India's rice inventories surge and a new crop harvest approaches.
The move is expected to boost global rice supplies and potentially lower international rice prices.
Recent reductions in export taxes and floor prices for other rice varieties aim to support both farmers and exporters.