New Delhi. Arrival of new crop of Basmati and general category paddy is going to start soon in Punjab, Haryana and Western Uttar Pradesh. In the current Kharif season, due to increase in area at national level and abundant monsoon rains, the government is confident of a good production of paddy-rice, so it has withdrawn the minimum export price (MAP) of $ 950 per tonne applicable on Basmati rice and opened the export of Basmati white rice and reduced the export duty on Sela rice from 20 percent to 10 percent. This is expected to increase rice exports well and paddy producers can also get better returns.

During the week of September 19 to 25, pressure was seen on paddy prices due to weak demand from rice millers and exporters despite limited supply of goods in wholesale markets. In Delhi's Narela Mandi, the price of 1509 hand Basmati rice fell by Rs 165 to Rs 2000/2750 per quintal and in Amritsar it fell by Rs 347 to Rs 2350/2570 per quintal. But in Bhatpara Mandi, the price of Vishnu Bhog rice improved by Rs 100 to Rs 3500 per quintal. The price of 1509 rice also fell by Rs 215 to Rs 2100/2775 in Tarn Taran Mandi, but in Jahangirabad of Uttar Pradesh, it increased by Rs 200 to Rs 1300/2650 per quintal.

In Shahjahanpur Mandi, the price of three varieties of rice fell by Rs 100 per quintal and in Aligarh, the price of 1509 category fell by Rs 85. The price of 1509 paddy in Haryana's Tohana Mandi fell by Rs 240 and got stuck at Rs 3000/3200 per quintal. Like paddy, the price of three varieties of paddy in the market fell by Rs 100-100 per quintal and the price of 1509 category in Aligarh fell by Rs 85. The price of 1509 paddy in Haryana's Tohana Mandi fell by Rs 240 to Rs 2500/2900 per quintal and the price of 1718 paddy in Kota, Rajasthan fell by Rs 200 and got stuck at Rs 3000/3200 per quintal.

Like paddy, the price of rice also registered a fluctuation of Rs 100-200. HMT rice in Bhatpara fell by Rs 100 to Rs 5900 per quintal. The price of rice remained stable in Amritsar but 1509 rice softened by Rs 200 in Bundi, Rajasthan. There was no change in the price of most varieties of rice in Haryana's benchmark Karnal Mandi, but rice prices in Delhi's Naya Bazar fell by Rs 100 to Rs 300. In Nizamabad too, the price of BPT steam rice fell by Rs 350 to Rs 4550 per quintal.