Price of parboiled rice increases by Rs 10 per kg
Parboiled rice prices in India surged as Bangladesh began private imports of 50,000 metric tonnes monthly from January. Fine varieties like Miniket rose from ₹43 to ₹53 per kg due to increased demand and a domestic paddy shortage. Geopolitical tensions disrupted traditional imports, impacting supply and pushing prices to an all-time high.
The Bangladesh government used to import rice from India depending on the country’s requirement in a particular year, varying between 3.5-5 lakh tonnes per year. “The private order for parboiled rice from Bangladesh, amounting to 50,000 metric tonnes per month, was initiated in January,” said Keshab Kumar Halder, MD of Halder Venture, a parboiled riceexporter. “The recent shift to private orders signifies a change in strategy, with rice prices reflecting demand and supply fluctuations. For fine parboiled rice, we have observed a price increase of about ₹10 per kilogram in the Indian market, while common varieties have seen a smaller variation,” he said.
Traders said this sudden surge in demand has pushed up prices of certain varieties of fine parboiled rice by ₹10 per kg and by ₹2-3 per kg for the common varieties. For instance, Miniket rice, which was at ₹43 per kg a month back, is now selling at up to ₹53 per kg. “It is an all-time high price for Miniket rice. Apart from orders from Bangladesh, we have a shortage of Miniket paddy in India, which too is impacting the price,” said Suraj Agarwal, CEO of RiceVilla, a rice exporting and marketing firm that has started export of rice to Bangladesh.
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Source : The Economic Times
