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Basmati producing farmers are facing losses due to this step of the government.
Crops Food Crops

Basmati producing farmers are facing losses due to this step of the government.

India is the largest exporter of Basmati rice in the world. It exports about 80 percent of its produce. India has exported approximately 4.6 million tonnes of Basmati rice in the year 2022-23. The arrival of Basmati rice has started in the markets of Uttar Pradesh, Haryana and Punjab. But, this time farmers are getting lower price of Basmati rice as compared to last year. Farmers say that they are incurring huge losses in the sale of Basmati rice this year. If farmers are to be believed, this time they are getting Rs 400 to Rs 500 less per quintal. Also, farmers allege that due to the central government setting the minimum export price of Basmati rice at Rupees 1,200 per tonne, they are suffering huge losses.

India is the largest basmati exporter in the world

India is the world's largest exporter of Basmati rice. It exports 80 percent of its production of basmati rice. In such a situation, its price keeps rising and falling due to exports. If the minimum export price of Basmati rice exceeds $ 850 per tonne, then in such a situation traders will suffer huge losses. Farmers will also have to suffer huge losses due to this. Because traders will buy Basmati rice from farmers at lower prices. Meanwhile, there is news that the prices of new crop 1509 variety of Basmati rice have fallen significantly. Last week, a decrease of Rs 400 per quintal was recorded in its price.

Also read: 20% fees on export of non-basmati crops

Farmers are facing losses

Farmers Welfare Club President Vijay Kapoor has said that millers and exporters are not giving the right price to the farmers. He is putting a lot of pressure on the farmers to buy Basmati at a lower price. According to him, if the government withdraws the minimum export price after October 15, then farmers will get very good profits. He has said that traders of Punjab are purchasing 1509 Basmati rice from Haryana at lower prices. Due to this, farmers are facing huge losses.

Farmers will suffer a loss of Rs 1,000 crore

Basmati rice is cultivated in a total area of ​​1.7 million hectares in Haryana. Of this, about 40 percent share is of 1509 variety. According to Vijay Setia, former president of All India Rice Exporters Association, if Basmati prices continue to rise like this, farmers will suffer a total loss of Rs 1,000 crore.
22-Sep-2023
Paddy prices in mandis across the country have reached the seventh sky
News Farmer News

Paddy prices in mandis across the country have reached the seventh sky

The cost of paddy has significantly increased, with it being sold in many mandis across India at the rate of Rs 7 thousand per quintal, which is three times more than the minimum support price. The price of all the mandis in India can be found, and paddy arrival continues in mandis across the country. In the middle of this, paddy prices have increased again due to continuous demand in the international market. The news is that in many mandis, paddy is being sold at three times the minimum support price which is great news for the farmers but has resulted in inflation for the general public.


Also read: In the kharif season, take care of the paddy crop like this


Good profits will increase prices even though there is a shock of inflation for the general public. But farmers are benefiting from this. The growing demand of paddy and good prices has blossomed farmers' faces. Next, we are going to give you information about those top five mandis of the country in this article. Where paddy is being sold at the highest price.


Price of paddy has reached beyond 7 thousand

As we already told , we want to inform you that the price of paddy has skyrocketed recently. In many mandis across the country, paddy is being sold at a price of Rs 7,000 per quintal, which is three times higher than the government's minimum support price. Currently, the central government has set the minimum support price for paddy at Rs 2,203 per quintal. Paddy prices have increased beyond the MSP in almost all the mandis of India. According to the Agmarknet portal of the Union Ministry of Agriculture and Farmers' Welfare, the highest price for paddy was recorded at Shimoga Mandi in Karnataka on Thursday (28 November), where it was sold at Rs 7,500 per quintal.


Also read: Purchase of agricultural products at minimum support price will continue to procure.


The market was sold at Rs 5600/quintal. Farmers say that this time they have received a very good price from crops during the paddy season. This time, farmers are benefiting from getting a great price compared to the previous year.


Basmati paddy is getting a lot of prices

This time farmers have got good price from the early stages of the paddy season. At the same time, the price was not so good at the beginning last year. This time Basmati paddy is getting the most brilliant price. This time the price is getting up to Rs 1500 more than the last few years. Talking about the mandis across India, the average basmati is being sold at a price of Rs 3000 per quintal.
31-Dec-2023