# Farmers Get Record Basmati Rice Prices

> Farmers hit record basmati rice prices as West Asia demand surges.
- Title: Farmers Get Record Basmati Rice Prices · Financialexpress
- Summary: 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…
- Keywords: basmati rice, paddy prices, minimum support price, export demand, west asia, gulf countries, punjab, haryana, business, money, news, Farmers
- Source: Financialexpress — https://financialexpress.com/policy/economy-farmers-fetch-record-prices-for-basmati-rice-amid-strong-export-demand-4369942
- Author: Sandip Das
- Published: 2026-10-26T16:43:01+00:00
- Read time: 1 min
- Topics: basmati rice, paddy prices, minimum support price, export demand, west asia, gulf countries, punjab, haryana, business, money, news
## 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.
## Key takeaway

Farmers in Punjab and Haryana earn over Rs 5,000/quintal for basmati rice due to strong West Asian export demand.