Home
|
Sitemap
|
FAQs
|
Contact Us
Product
Country
Menu
About Agri Exchange
Introduction
Apeda Agri Exchange
The Vision
Benefits / Facilities
To Exporters
To Buyers
Product Profile
Floriculture
Floriculture
Fruits & Vegetables Seeds
Fresh fruits & Vegetables
Fresh Onion
Other Fresh Vegetables
Walnuts
Fresh Mangoes
Fresh Grapes
Other Fresh Fruits
Others (Betel Leaves & Nuts)
Processed Fruits & Vegetables
Cucumber and Gherkins (Prepd. & Presvd.)
Processed Vegetables
Mango Pulp
Processed Fruits,Juices & Nuts
Pulses
Animal Products
Buffalo Meat
Sheep/ Goat Meat
Other Meat
Processed Meat
Animal Casing
Poultry Products
Dairy Products
Natural Honey
Caseins
Albumin (Eggs & Milk)
Other Processed Foods
Groundnuts
Guar Gum
Jaggery & confectionery
Cocoa Products
Cereal Preparation
Milled Products
Alcoholic Beverages
Miscellaneous Preperations
Cereals
Basmati Rice
Non Basmati Rice
Wheat
Maize
Other Cereals
Country Profile
United Arab Emirates
Saudi Arabia
Malaysia
Bangladesh
United States
Vietnam
Kuwait
Iran
United Kingdom
Indonesia
...View more country profiles
FTA's
Analytical Report on FTAs
Tariff Concession under FTAs
Statistics
International Trade
India's Export
India's Import
Production
International Production
India Production
Market Intelligence
e-Bulletin
Global Analytical Report
India's Export Analytical Report
Comparative Report On APEDA Products
Comparative Report On Principal Commodities
Import Tariffs
Import Regulations
SPS Notifications
DGFT : Public Notice, Notifications, Circular and Trade Notice
India Food Safety & Standards
Market Reports
Foreign Trade Policy 2023
Chapter 01 - Legal Framework and Trade Facilitation
Chapter 02 - General Provisions Regarding Imports and Exports
Chapter 03 - Developing Districts as Export Hubs
Chapter 04 - Duty Exemption Remission Schemes
Chapter 05 - Export Promotion Capital Goods (EPCG) Scheme
Chapter 06 - Export Oriented Units (EOUs), Electronics Hardware Technology Parks (EHTPs), Software Technology Parks (STPs) and Bio-Technology Parks (BTPs)
Chapter 07 - Deemed Exports
Chapter 08 - Quality Complaints and Trade Disputes
Chapter 09 - Promoting Cross Border Trade in Digital Economy
Chapter 10 - Scomet: Special Chemicals, Organisms, Materials, Equipment and Technologies
Chapter 11 - Definitions
Newsletters
Latest News
Latest Newsletter
Archives
Directory
Exporters
Service Providers
Logistics
Trade Leads
Submit New lead
Buy Leads
Sell Leads
Indian Mission Login
Market News
Demand surge pushes basmati rice rates up, Haryana farmers eye rich returns.
Jun 28, 2023
Basmati growers and traders are likely to reap a rich harvest over the coming Kharif marketing season 2023-24, as the prices of all aromatic long grained varieties of rice witnessed an increase in domestic and international market.
As per reports from rice exporters following a demand in the international market, the prices of Basmati rice have reached to above Rs.90,776 per metric tonne (MT) from Rs.83,068 of the last year.
Following a jump in the rice export from the country, the price of basmati rice in the domestic market has reached above Rs.80 to Rs.120 a kg against Rs.70 to Rs.100 of the last year.
Figures released by the Agricultural and Processed Food Products Export Development Authority (APEDA) revealed that in April, 2023-24 India has exported 4.24 lakh MT basmati rice against 3.19 lakh MT of the last year, thus India’s total rice export has reached to Rs.8,204 crore including Rs.3,855 crore of Basmati, in April 2023-24 against Rs.6,144 crore during the same period in 2022-23.
The rise in export has helped traders earn handsome profits as prices in the international market have also witnessed an increase of around Rs.7,000 per MT. Traders are predicting that the prices may rise further following the increasing demand of Indian rice in the international market.
There is also a surge in the export and prices of the parmal or non-basmati rice as India has exported a total of 14.2 lakh MT non-basmati rice this year against 13.52 lakh MT last year. The prices of the non-basmati rice also reached an all-time high of Rs.30,576 per MT in April this year, up from Rs.29,265 per MT last year.
All India Rice Exporters Association (AIREA) former president Vijay Setia termed it a great sign in the interest of farmers and traders saying, 'Yes the prices of both basmati and non-basmati rice have increased following a surge in demand in the international market. Even India’s Basmati rice export has increased and there is a strong possibility that the farmers will get a good price for their produce this year.'
Setia, however, demanded the government to lift levy from the procurement of basmati paddy in mandis of Haryana as the move will boost the competition and the farmers will benefit from it.
Since farmers of Haryana and Punjab are the biggest producer of basmati rice and contribute around 80% of the country’s total produce,the benefit from rising prices will benefit them most.
Traders said the basmati prices are likely to remain above Rs.3,000 per quintal again this year, thus helping the farmers to reap a good harvest for the second consecutive year.
Even the arrival of super early sowing varieties of paddy has already started in mandis of Haryana’s Karnal as farmers from Uttar Pradesh have started harvesting of early sown paddy. 'PUSA 1509 is being sold for around Rs.3,000 a quintal and there is a strong possibility that the price may increase further with the arrival set to pick up in the next couple of days,' Ahrtia Association Karnal president Rajneesh Chaudhary.
Wheat export slides
On the other hand, India’s wheat export has declined drastically, falling to a paltry 1,631 MTs in April 2023-24 against 14.72 lakh MTs for the corresponding period last year. The same comes amid a drop in the wheat production in the country and corresponding ride in demand.
According to AIREA, at 130.5 MT, India is the second largest producer of rice in the world after China. The country produces around 9 MT of paddy from around 17 lakh hectares of land, with around 7 lakh hectares of area being under Basmati cultivation. Haryana’s share in total basmati production remains around 42%, followed by Punjab’s 36% and Uttar Pradesh’s 17%.
hindustantimes.com
Archive