Weekly Review-Paddy-Rice

15-Feb-2025 08:18 PM

Limited fluctuations in the price of paddy-rice amid normal business

This weekly review of paddy and rice markets highlights a period of stability with some minor fluctuations in prices across different regions. Here’s a summary of key insights:

Paddy Markets:

• Delhi: Prices of various paddy varieties (like 1509, 1718, and 1847) saw slight declines by 25-50 rupees, while Taj paddy saw a rise of 25 rupees. There was a heavy arrival of paddy in Narela Mandi, peaking at 40,000 bags on 13 February before dropping to 20,000 bags the next day.
• Chhattisgarh: Paddy arrivals in Bhatpara and Rajim have decreased, leading to stable prices despite a sluggish market.
• Punjab: Very little paddy was arriving in Amritsar, Fazilka, and Tarn Taran, leading to a nearly stagnant market.
• Uttar Pradesh: Paddy arrivals remained soft, with a notable increase in the price of 1509 paddy in Dibai (up by Rs 150 to Rs 2850 per quintal).
• Haryana: A drop in price for 1121 paddy by Rs 100 was observed in Tarawadi.
• Rajasthan: There was a large arrival of 40-50 thousand bags of paddy in Bundi, though prices fell by Rs 100-200 due to slow lifting. In Kota, arrivals increased to 70-80 thousand bags.

Rice Markets:

• The rice market experienced minimal price movement due to a slow business environment. Millers and exporters are awaiting foreign demand. Despite India's strong position in Basmati rice, some confusion in foreign markets has been caused by misleading reports about Indian rice from Pakistan. The export of non-Basmati rice continues, but competition is rising.

Overall, the market was marked by relatively low fluctuations, with regional differences in pricing and arrivals. The demand for rice seems to be largely driven by global factors, while paddy prices showed minor changes depending on local conditions.