Fresh Surge in Basmati Prices: Further Upside Expected Amid Strong Demand and Low Supply

The Basmati rice and paddy market is witnessing a renewed upward trend, with prices rising by as much as ₹500 per quintal in recent days. Market analysts attribute this surge to a significant rebound in both domestic and export demand. With the arrival of the new crop still months away, and weather conditions in key growing regions like Uttar Pradesh and Uttarakhand currently unfavourable for early sowing (Sathi paddy), supply constraints are adding fuel to the price rally. Additionally, many farmers have turned away from Sathi paddy cultivation due to poor prices last year. In some areas, early paddy sowing has even been restricted by local authorities. At the same time, Indian Basmati rice is currently priced competitively in international markets, which could lead to increased export orders. After a brief correction, a fresh upward movement of ₹200�₹300 per quintal is being anticipated in the coming weeks. Currently, 1718 Sella Basmati is trading between ₹5,950 and ₹6,000 per quintal, while Steam Basmati is fetching ₹6,700�₹6,800. The 1509 Sella variety is not available below ₹5,500�₹5,600. Experts point out that despite the recent rise, prices are still below last year�s levels, suggesting further room for growth. Traders and farmers holding stock are advised to monitor the market closely and consider holding their inventory as long as the upward trend continues. Strategic selling just before the arrival of Sathi paddy might yield better returns. However, if the market enters a prolonged phase of stagnation or decline, timely selling would be prudent. The outlook for the Basmati rice market remains positive due to strong demand, tightening supply, and delayed crop arrivals. Stakeholders are advised to act with caution and make informed decisions based on market trends.

Insert title here