Indian farmers get better charges for Basmati on fears over decrease in Haryana crop

India’s basmati prices have risen this year on fears of a reduced harvest in Haryana, the biggest producer. In addition, strong export demand, especially from the Middle East amid geopolitical conflict, is supporting the increase. Farmers of traditional Basmati CSR 30 get Rs 6,300-6,600 per tonne, while Pusa Basmati 1121 gets Rs 4,300-4,500 per tonne in Haryana.   But Pusa Basmati 1509 is priced between Rs 3,200 and Rs 3,600 per quintal, depending on the quality of the paddy and crop. If a combine harvester is used, the prices are 300-500 rupees/crop lower than the hand-harvested crop because the breakage rate is less if the machine is not used.

 “It is good that both exporters and farmers are getting good prices,” said Tarun Bajaj, director of APEDA, the government’s agricultural export agency. Basmati rice exports rose 14 percent to $2.59 billion in the first half of the current financial year, compared to  $2.27 billion a year ago. The volume of deliveries was 2.31 million tons (mt), which is 7 percent more than a year earlier. Basmati rice production in Haryana is estimated to have fallen to nearly 3.7 million tonnes from over 3.8 million tonnes last year due to floods in some areas such as Karnal, Kurukshetra, and Yamunanagar, according to industry sources. In addition, some farmers who were growing traditional basmati varieties switched to non-basmati crops due to labor shortages.

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