From Financialexpress · Sandip Das · · 1m
Farmers Get Record Basmati Rice Prices
Farmers hit record basmati rice prices as West Asia demand surges.
In brief
Farmers hit record basmati rice prices as West Asia demand surges. Farmers in Punjab and Haryana earn over Rs 5,000/quintal for basmati rice due to strong West Asian export demand. Originally reported by Financialexpress.
Basmati Prices Surge
Mandi prices of major basmati varieties in Punjab and Haryana have crossed Rs 5,000/quintal, up from Rs 4,000/quintal a year ago.
Export Demand from West Asia
Exporters report strong demand from Gulf countries including Saudi Arabia, Iran, and UAE for basmati rice.
Geopolitical Impact
West Asia conflict disrupts basmati rice supply chains, raising food security concerns.
“Ranjit Singh Jossan, vice president, All India Rice Exporters Association”
Export Figures
India exported 6.52 million tonnes of basmati rice valued at $5.67 billion in FY26, with Gulf countries accounting for 70% of exports.
Price Premium for Farmers
Farmers receive nearly Rs 1,000/quintal above minimum support price for grade-A rice varieties.
Market Challenges
High export costs threaten competitiveness as domestic paddy prices rise.
Here's the gist
Farmers in Punjab and Haryana earn over Rs 5,000/quintal for basmati rice due to strong West Asian export demand.
