Basmati producers are facing loss due to this step of the government, the rate fell by Rs 400 per quintal. - Newztezz Online

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Wednesday, September 20, 2023

Basmati producers are facing loss due to this step of the government, the rate fell by Rs 400 per quintal.

India is the world's largest exporter of Basmati rice. It exports about 80 percent of its production. India has exported about 4.6 million tonnes of Basmati rice in the year 2022-23.

The arrival of Basmati paddy has started in the markets of Haryana, Punjab and Uttar Pradesh. But this time farmers are getting lower rates for Bamati paddy as compared to last year. Farmers say that they are incurring losses in the sale of Basmati paddy this year. If farmers are to be believed, this time they are getting Rs 400 to Rs 500 less per quintal. At the same time, farmers allege that they are facing losses due to the central government fixing the minimum export price of Masmati rice at $1,200 per tonne.

India is the world's largest exporter of Basmati. It exports 80 percent of its production Basmati rice. In such a situation, its rate keeps going up and down due to export. If the minimum export price of Basmati rice exceeds $ 850 per tonne, traders will suffer losses. Due to this, farmers will also suffer losses. Because traders will buy Basmati rice from farmers at a lower price. Meanwhile, there is news that the prices of new crop 1509 variety of Basmati rice have fallen. Last week, its rate declined by Rs 400 per quintal.

Farmers are facing losses

Farmers Welfare Club President Vijay Kapoor says that millers and exporters are not giving fair rates to the farmers. They are pressurizing farmers to buy Basmati at lower prices. According to him, if the government withdraws the minimum export price after October 15, then farmers will get very good profits. He said that traders of Punjab are purchasing 1509 variety of Basmati rice from Haryana at lower prices. Farmers are facing losses due to this.

There will be a loss of Rs 1,000 crore

Basmati rice is cultivated in a total area of ​​1.7 million hectares in Haryana. Out of this, about 40 percent share is of 1509 variety. According to Vijay Setia, former president of All India Rice Exporters Association, if the price of Basmati continues like this, then farmers will suffer a total loss of Rs 1,000 crore.

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