Weekly Review-Paddy-Rice

14-Dec-2024 08:07 PM

Mixed trend in the price of paddy-rice as per the demand of millers and exporters

There has been a mixed trend in the price of paddy and rice across various regions, influenced by the demand from millers, processors, traders, and exporters.

Delhi

  • Price Movement: In Delhi's Narela Mandi, the price of 1509 hand paddy fell by Rs. 50, while 1509 combine paddy rose by Rs. 50. The price of 1718 paddy increased by Rs. 150, reaching Rs. 3350-3450 per quintal. Prices in Najafgarh Mandi showed minor fluctuations, with changes of Rs. 50-60.
  • Arrival: On 5th December, 55,000 bags of paddy arrived in Narela, but this decreased to 20,000 bags by 10th December. In contrast, the daily paddy arrival in Najafgarh Mandi rose from 7,000 to 11,000 bags during the same period.

Chhattisgarh

  • Price Movement: In Bhatpara Mandi, the price of HMT paddy decreased by Rs. 100, while Shri Ram Bhog paddy saw a price rise of Rs. 100. Prices were softer in Rajim Mandi.

Punjab

  • Price Movement: In Amritsar and Tarn Taran Mandis, the prices of various paddy varieties fluctuated by Rs. 100-200 per quintal. There has been a good arrival of Basmati paddy in these Mandis, but the prices are lower compared to last year.

Uttar Pradesh

  • Price Movement: In Etah, Mainpuri, Jahangirabad, Aligarh, and Shahjahanpur Mandis, the prices of different paddy varieties fell by Rs. 100-300 per quintal.

Rice Prices

  • The prices of rice remained soft overall. Despite the government lifting all export controls and restrictions on Basmati and non-Basmati rice, which is expected to lead to higher exports, domestic market pressures kept prices in check due to increased supply. Basmati rice export is performing well, and there is potential for significant growth in the export of normal rice, which remains competitively priced and in strong demand, especially from African countries.

In conclusion, while there is strong arrival of Kharif paddy across major producing states, prices have shown fluctuations, with a generally softer trend in rice prices due to domestic supply pressures, despite optimistic export expectations.

Latest News