Rice-Paddy Market Update: Low Supply and Limited Demand Keep Prices Mostly Stable, with Some Fluctuations
Despite good monsoon rains boosting paddy cultivation during the Kharif season, supply to markets remains low. Regular non-basmati paddy is barely arriving, and even premium-quality basmati varieties are in short supply. From July 19 to 25, Narela mandi in Delhi received an average of 1,500–2,500 sacks of paddy daily. On July 24, this jumped to 7,000 sacks. Prices were mostly steady, but the 1718 variety dropped by ₹35 to settle at ₹37.50 per quintal. In Delhi’s Naya Bazar, due to low buying activity, prices of 1121 steam and sela rice, as well as 1401 sela rice, fell by ₹100 per quintal. In Rajim and Bhatapara mandis, daily arrivals are around 5,000–6,000 sacks. The price of "Mahamaya" paddy in Rajim rose by ₹230, reaching ₹2,950 per quintal. Bhatapara also reported similar supply levels. In Bundi, daily arrivals ranged from 1,000 to 2,000 sacks, and prices rose by ₹100 per quintal. In contrast, Kota mandi saw only 500 sacks daily and a price drop of ₹100–200 per quintal. In Bhatapara (Chhattisgarh), HMT rice prices dropped by ₹200 to ₹5,200 per quintal due to slow demand. In Amritsar (Punjab), prices of various rice types fell sharply by ₹100–300 per quintal, as both domestic and export demand weakened. In Nagar mandi (Uttarakhand), prices had risen well the previous week, but this week saw only a ₹50–100 per quintal increase. Bundi mandi in Rajasthan also saw a slight price improvement. Currently, low arrivals and weak demand are keeping paddy and rice prices mostly stable or slightly down in many markets. A few areas have seen mild price increases, but overall, the trend remains subdued.