Paddy (Basmati) holds a significant place in Indian cuisine and enjoys high demand both domestically and internationally. For farmers cultivating basmati paddy, staying updated on market prices is crucial. On November 22, 2024, the fresh basmati paddy prices in key markets of Uttar Pradesh were recorded. Here’s a detailed analysis of the prices.
Visoli market witnessed a substantial arrival of basmati paddy, totaling 3,302 tons. The minimum price was ₹2,340 per quintal, and the maximum price reached ₹2,352 per quintal. The modal price stood at ₹2,347 per quintal, indicating that most transactions occurred at this rate.
Sikarpur market, the arrival of Basmati 1509 paddy was recorded at 134.4 tons. Prices ranged from a minimum of ₹2,305 per quintal to a maximum of ₹2,870 per quintal, with the modal price stabilizing at ₹2,524 per quintal.
Babrala Market Prices: Babrala market reported a low arrival of 12 tons of Basmati 1509 paddy. The prices ranged narrowly, with a minimum of ₹2,360 per quintal and a maximum of ₹2,370 per quintal. The modal price was ₹2,370 per quintal, reflecting a steady and uniform trading scenario.
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Jahanabad Market Prices: Jahanabad, the arrival of 1121 Basmati paddy was 20.7 tons. Prices varied from ₹2,300 to ₹2,310 per quintal, with the modal price fixed at ₹2,305 per quintal.
Sikandrarao Market Prices: Sikandrarao market received 160 tons of Basmati 1509 paddy. The minimum price was ₹2,450 per quintal, and the maximum price reached ₹2,825 per quintal. The modal price was ₹2,700 per quintal, reflecting strong demand for high-quality paddy.
Conclusion: Basmati paddy prices vary across markets based on factors like arrivals and quality. While prices remained stable in Visoli due to high arrivals, markets like Sikandrarao witnessed elevated prices driven by the demand for superior quality. This information enables farmers and traders to make informed decisions and optimize their transactions.
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