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Why Basmati 1509 Prices remain stagnant despite removal of Export Cap, Farmers in Punjab disappointed

Farmers like Amrik Singh from Amritsar are bearing the brunt of these developments. Singh, who sold his Basmati 1509 produce at Rs 2,600 per quintal today, is deeply disappointed. Written by Anju Agnihotri Chaba Farmers in Punjab are growing increasingly frustrated as the price of Basmati 1509 remains stubbornly low, despite the removal of the […]

What Is Basmati Rice? A Guide to What Some Call the “Queen of Rice”

This fragrant, tender, fluffy rice variety is cherished across South Asia and the Middle East. By Perry Santanachote Basmati rice—often called the “queen of rice” in India and Pakistan—is cherished in kitchens worldwide, particularly in South Asian cuisines. When translated directly from Hindi, basmati means “queen of fragrance.” Its delicate aroma, long slender grains, and […]

Rice prices surge by 10-15% in India as global demand rises

Synopsis Rice prices in India have surged by 10-15% due to a rise in global demand after the government lifted export curbs on non-basmati rice. The move follows a reduction in export duties and comes with the country’s sufficient rice stock. Domestic prices are expected to stay firm until the new crop arrives. Rice prices […]

Pakistani rice traders fear decline in exports amid competition with India

ISLAMABAD: Pakistani rice traders said on Thursday that exports of the commodity could face a setback this year as neighboring India, one of the major competitors in the global market, had lifted restrictions on rice exports. Pakistan exported rice worth $3.9 billion this year as compared to $2.15 billion last year, benefitting from India’s more-than-a-year-long […]

Breather for govt, farmers: Arhtiyas to participate in Basmati purchase.

In a partial relief for Punjab, commission agents, or arhtiyas, will continue to buy Basmati rice and cotton, though they are still boycotting paddy procurement by state agencies. This decision followed a meeting with state officials. Mandi laborers remain on strike but will reassess their position on Friday, demanding better pay and conditions. CHANDIGARH: In […]

Basmati rice exporters to Iran fear slowdown, payment delays

According to the commerce ministry, India’s basmati rice exports during 2024-25 (April-July) was 1.91 million tonne (MT), out of which shipment to Iran had a share of around 19%.Written by Sandip Das Just a few days after the government removed the minimum export price (MEP) of $ 950/tonne on the basmati rice, exporters have started […]

The Onion and Basmati Rice story: Does India need a minimum export price?

The recent lifting of the Minimum Export Price (MEP) aims to boost agricultural exports, yet critics argue it’s a redundant policy harming small farmers and failing to control food inflation. India’s export bans on rice and fluctuating MEPs reflect ongoing efforts to manage domestic supply and prices, while the country remains a major exporter of […]