A further rise of ₹300–₹400 expected in Basmati, see the Basmati market trend report.

By Kavita Upraiti May 23, 2025, 08:02 IST

Dear farmers and traders, At Mandi Market Media, we regularly bring reports on the Basmati rice market. The market has closely followed the trends we had predicted. For the past one month, we’ve been highlighting a bullish trend in Basmati, and indeed, prices have surged significantly. The trade price of 1718 Sella rice has risen from ₹5400 to ₹6400. A similar uptrend has been seen in other varieties like 1121, 1509, 1401, and 1885 as well.

The 1509 Sella, which had dropped as low as ₹5000, is now trading around ₹6000 in the Punjab region. Friends, the market has surged nearly ₹1000 from its lows. Not just rice, paddy prices have also increased by ₹600–₹700. For instance, in Madhya Pradesh, PB1 paddy prices have jumped from ₹2500–₹2600 to a range of ₹3300–₹3400.

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After such a sharp rally, it's common to see profit-booking. You may have noticed that prices in some varieties have started to stabilize at current levels. While traders are booking profits, there’s also growing concern about the upcoming Saathi Dhan (early paddy) harvest. Typically, Saathi paddy arrivals begin in June and pick up pace by July.

Last year, during July–August when Saathi paddy was arriving in full swing, varieties like 1509 and 1847 dropped to as low as ₹2400. Traders now fear a repeat of that scenario. Hence, trading is being done with great caution.

We had previously informed you that the Saathi paddy crop is not favorable this time — in fact, it has been banned in several states. So it’s unlikely we will see the extremely low prices witnessed last year.

As far as export demand is concerned, it remains steady. Mandi Market believes that at the current pace, Basmati exports in 2025 may break all previous records. With proper Saathi paddy arrivals still a few weeks away, the market may continue to rise gradually in the meantime.

We believe there is still a potential for another ₹300–₹400 price increase. Those who wish to avoid risk can consider selling at current levels, while those who prefer to hold can aim for ₹7000 in 1718 variety, though they must be ready to bear a risk of ₹200.

Trade wisely and as per your own judgment.

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