India’s non-basmati rice export volume grew by 6.5% to over 15 million tonnes in FY26; however, the financial value dropped over 10% to $5.86 billion compared to $6.53 billion in FY25. Shipments slowed considerably to West and Central Africa due to severe shortages of US dollars in nations like Nigeria, Senegal, and Benin. Furthermore, buyers held large inventories from long-term contracts signed with alternative suppliers when India temporarily curbed its exports. Despite internal cut-throat competition among Indian exporters, domestic rice remains highly competitive globally at $350 per tonne for 5% broken rice, significantly lower than prices offered by Pakistan, Vietnam, and Thailand.