Latest Rice market price today in Uttar Pradesh (28 December, 2024)

The markets of Uttar Pradesh play a crucial role in strengthening the state’s economy and are a lifeline for millions of farmers and traders. These markets witness daily trading of large quantities of grains, with rice being one of the most significant commodities. This crop holds immense importance not only in India but also in the international market due to its consistent demand. Today, December 28, 2024, we provide a detailed analysis of the latest rice prices and market trends in Uttar Pradesh.

Rice arrivals and price details in Uttar Pradesh markets:

The table below provides information on rice arrivals and the minimum and maximum prices recorded in major markets of Uttar Pradesh on December 28, 2024.

Rice Price Analysis:

1. Highest Prices:

• Allahabad market recorded the highest price for new Basmati rice at ₹8750 per quintal.
• Mainpuri market registered a maximum price of ₹3355 per quintal for common rice.

2. Lowest Prices:

• Mohammadabad market recorded the lowest price of ₹2900 per quintal for III-grade rice.
• Coarse rice was available at ₹2900 per quintal in Faizabad market.

3. Impact of Quality and Type:

• Premium varieties like Basmati fetch higher prices due to their superior taste and aroma, driving higher demand in Allahabad market.
• Coarse and common rice prices ranged between ₹2900 and ₹3300 per quintal, showing relative stability due to high arrivals.

4. Influence of Production and Supply:

• Markets like Basti and Bahraich recorded the highest arrivals (950 tons), maintaining balanced price trends.
• Markets with lower arrivals, such as Mahoba and Auraiya, experienced slight price volatility.

Conclusion: Rice prices in Uttar Pradesh currently vary across different markets. High-quality varieties like Basmati command premium prices, while coarse and common rice prices remain comparatively stable. To ensure the welfare of both farmers and consumers, the government and local authorities must take effective measures to stabilize prices and support the agricultural supply chain.

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