Farmers Expecting Good Prices for Basmati.
Farmers growing aromatic paddy varieties are expecting the CSR-30 basmati variety to fetch good returns this year, after getting good prices for the Pusa-1121 and Pusa-1509 varieties.
Farmers’ expectations are rising as favourable market conditions and drop in area under cultivation. By the first week of November, the CSR-30 variety is likely to enter the market.
Farmers are expecting pure basmati to fetch between Rs 3,800 and Rs 4,000 per quintal, while the Pusa-1121 variety is being sold at between Rs 3,100 and Rs 3,300 per quintal.
“The prices of Pusa-1509 have improved to Rs 2,900 per quintal while Pusa-1121 has recorded Rs 3,300 a quintal. The CSR-30 variety is likely to be sold at between Rs 3,700 and Rs 3,800 a quintal. Exporters have encouraged farmers and the area under basmati cultivation is likely to be increased next year,” said Duni Chand, president, Commission Agents’ Association, Ambala City grain market.
“Farmers have got remunerative prices for their crop after three years, which is a good sign. The major reasons behind increase in prices are healthy exports, lower carry forward stock, drop in area under cultivation and almost level playing field due to GST,” said Vijay Setia, president, All-India Rice Exporters Association.