Weekly Review-Paddy-Rice

22-Mar-2025 08:43 PM

Limited fluctuations in the paddy-rice market due to the impact of global competition

Global Impact: Increased Competition Lowers Prices

• Thailand, Vietnam, and Myanmar have reduced export prices to stay competitive.

• Indian exporters are forced to lower prices, affecting domestic purchasing.

Export Trends

• Basmati rice export price fell from $1,050/tonne last year to $900-950/tonne.

• Non-Basmati rice prices have also declined, reducing incentives for millers to buy paddy at higher rates.

Domestic Market Overview

Delhi

• Limited fluctuations amid weak business

  • 1509 Hand Paddy: -₹300 (Now: ₹2,725 per quintal)

  • 1509 Combine Paddy: +₹80 per quintal

  • 1718 Paddy: +₹50 per quintal

  • Daily arrival: 10,000-12,000 bags (Narela Mandi)

  • Najafgarh Mandi remains stable (1,500-2,000 bags per day)

Chhattisgarh

• HMT Paddy price rose by ₹100, while Shriram Paddy declined by ₹200 per quintal.

• Arrival: 500-700 bags per day in Bhatpara Mandi.

• Rajim Mandi sees limited trading, prices remain stable.

Uttar Pradesh & Rajasthan

• Normal rice arrival continues in markets like:

  • Etah-Mainpuri, Jahangirabad, Shahjahanpur, Aligarh, Khair (UP)

  • Bundi (Rajasthan)

Punjab & Haryana

• Limited supply of Basmati rice keeps price fluctuations minimal.

Export Challenges

• India's 100% broken rice export is costlier than Pakistan, Vietnam, and Myanmar, impacting demand.

• Non-Basmati white and Sela rice also face export difficulties.

Market Outlook

• New Rabi paddy arrivals from next month may change demand-supply dynamics.

• Export challenges may persist unless global prices stabilize.