Analyzing 3-month moving averages to determine seasonal volatility...
Historical Market Milestones (2015-2026)
Key trade events, policy shifts, and market cycles that shaped the last decade of Indian agricultural exports.
India implemented a 20% export duty on parboiled rice and a temporary ban on Non-Basmati white rice to stabilize domestic inflation. Basmati MEP (Minimum Export Price) was set to $950/MT before being scrapped in late 2024 to boost competitiveness.
A 30% production shortfall in Gujarat led to cumin prices hitting historic peaks of ₹32,500/quintal. This era marked the highest volatility in the spice sector, driven by erratic monsoon cycles in Rajasthan.
Frequent weather-induced supply shocks led to multiple export bans on Nashik Red Onions. The 2023-24 ban was eventually replaced by a $550/MT MEP and 40% export duty, signaling a shift toward more nuanced export controls.
A period of sustained growth for Basmati 1121 and Traditional varieties, driven by expanding market share in Saudi Arabia and UAE. Prices remained consistently between $850 and $1,100/MT with minimal policy intervention.
| Commodity | 2015 Price | 2026 Q1 Price | 10Y Growth | YoY Change | Volatility | Risk |
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About This Data: Price data is sourced from the OGD Platform India (Agmarknet), aggregating real-time arrivals from 3,000+ market yards across India. Figures represent monthly average Raw Mandi prices in USD/Metric Ton. For processed FOB export quotes, use our calculator or contact our trade desk directly. Last verified: May 07, 2026.
