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Price of Basmati rice falls to 40 per kg

PUNE: The price of Basmati rice has fallen to Rs 40 per kg for the first time in 10 years. "It used to cost Rs 55 a kg last fiscal but has now fallen to Rs 40 a kg, bringing it within the reach of the common man," says Rajesh Shah, a senior trader and market expert in the city.

In 2000-01, Basmati was sold at Rs 35 a kg and since then the price has escalated every year. The premium varieties of Basmati, which currently cost around Rs 60 a kg, will also come down once supply of the variety increases.


Rice Almanac

Rice Almanac is the most comprehensive databook on rice.

The contents of Rice Almanac are as follows:


1. Agro-Ecological Regions in India.

2. Rice in India.

3. Rice Ecosystems.

4. Mechanization in Rice Production.

5. Rice Genetic Resources.

6. AICRIP Network.

7. Quality Seed Production Districts.

8. Rice Mills.

9. Retention of Rice for Various Purposes.

10. MSP of Rice.

11. State-Wise Procurement of Rice.

12. Nutritional Status of Rice Grains.


Trade KnowHow

Rice is one of the largest agricultural export items from India. A decade ago, India used to export only Basmati rice. Non-Basmati rice has also become a major item for export, registering a steady upwards trend in recent years, but, in monetary terms, the basmati varieties bring in more foreign exchange than non-basmati varieties of rice. A tremendous demand for basmati rice in the international markets has seen the country's basmati rice exports increased from about USD 470 million in 2000-2001 to about USD 1900 million during 2008-09.



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