Basmati producing farmers are facing losses due to this step of the government.

Published on: 22-Sep-2023

India is the largest exporter of Basmati rice in the world. It exports about 80 percent of its produce. India has exported approximately 4.6 million tonnes of Basmati rice in the year 2022-23. The arrival of Basmati rice has started in the markets of Uttar Pradesh, Haryana and Punjab. But, this time farmers are getting lower price of Basmati rice as compared to last year. Farmers say that they are incurring huge losses in the sale of Basmati rice this year. If farmers are to be believed, this time they are getting Rs 400 to Rs 500 less per quintal. Also, farmers allege that due to the central government setting the minimum export price of Basmati rice at Rupees 1,200 per tonne, they are suffering huge losses.

India is the largest basmati exporter in the world

India is the world's largest exporter of Basmati rice. It exports 80 percent of its production of basmati rice. In such a situation, its price keeps rising and falling due to exports. If the minimum export price of Basmati rice exceeds $ 850 per tonne, then in such a situation traders will suffer huge losses. Farmers will also have to suffer huge losses due to this. Because traders will buy Basmati rice from farmers at lower prices. Meanwhile, there is news that the prices of new crop 1509 variety of Basmati rice have fallen significantly. Last week, a decrease of Rs 400 per quintal was recorded in its price.

Also read: 20% fees on export of non-basmati crops

Farmers are facing losses

Farmers Welfare Club President Vijay Kapoor has said that millers and exporters are not giving the right price to the farmers. He is putting a lot of pressure on the farmers to buy Basmati at a lower price. According to him, if the government withdraws the minimum export price after October 15, then farmers will get very good profits. He has said that traders of Punjab are purchasing 1509 Basmati rice from Haryana at lower prices. Due to this, farmers are facing huge losses.

Farmers will suffer a loss of Rs 1,000 crore

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