{"id":108,"date":"2019-06-03T14:01:08","date_gmt":"2019-06-03T14:01:08","guid":{"rendered":"https:\/\/colorlib.com\/newspaper-x\/?p=108"},"modified":"2019-12-21T07:51:27","modified_gmt":"2019-12-21T02:21:27","slug":"price-increase-in-basmati-rice-market","status":"publish","type":"post","link":"https:\/\/www.grainmart.in\/news\/price-increase-in-basmati-rice-market\/","title":{"rendered":"Price Increase in Basmati Rice Market"},"content":{"rendered":"<p style=\"font-weight: 400;\"><span style=\"color: #000000;\"><strong>New Delhi:<\/strong> Basmati Rice Market is witnessing a remarkable increase in price since past few weeks. Prices have increased by almost 20% since beginning of the new financial year and it does not seem to plunge anytime soon. Price of 1121 Basmati Steam Rice was at INR 77 Per Kg on 1<sup>st<\/sup> April 2019 which has increased to INR 92 Per Kg. Price of 1121 Basmati Sella Rice was at INR 68 Per Kg on 1<sup>st<\/sup> April 2019 and it has increased to INR 79 Per Kg. This increase in prices is primarily due to high demand of Basmati Rice from Iran.<\/span><\/p>\n<h5>Increase in Volume of Basmati Rice Exports<\/h5>\n<p><span style=\"color: #000000;\">According to Agricultural and Processed Foods Exports Development Authority (APEDA) data, total Basmati Rice exports from India stood at 4.415 Million Tonnes in 2018-19 financial year, which is much higher than previous year\u2019s 4.056 million tonnes. Trade balance has improved in India\u2019s favour due to the high price fetched by export of basmati rice this financial year. The current trend suggests that India will be surpassing its record of basmati rice exports in FY 2019-20. Trade volumes to Iran has increased in FY 2018-19 as the country purchased 1.4 million tonnes of basmati rice compared to previous 1 million tonnes in FY 2017-18.<\/span><\/p>\n<h5>Increased Buying from Iran<\/h5>\n<p><span style=\"color: #000000;\">As the data suggests, 25% of basmati rice exported globally is headed to Iran. With this most traders anticipated a decrease in prices when the US Government decided not to renew sanction waivers for import of crude oil from Iran. However, this move seems to have worked in favour of Basmati Rice stockists with increased prices and high demand. New harvest of Basmati rice will arrive by November 2019 and the current stocks are depleted which only indicates prices increasing further in the coming months. We can assume now that Iran will impose ban on import of basmati rice when its local crop harvests in September\/October.<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong><u>Our Prediction<br \/>\n<\/u><\/strong><strong>Team of experts at GrainMart predict that the prices will keep on increasing until September 2019 but will decrease as we get closer to the new harvest season.&nbsp; <\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>&nbsp;<\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Basmati Rice prices witnessed an increase of over 20% in the past two months. Increase in export volume and increased buying from Iran<\/p>\n","protected":false},"author":8,"featured_media":248,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[18,23,17,22,21,25,20,19,24],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Price Increase in Basmati Rice Market - Grainmart News<\/title>\n<meta name=\"description\" content=\"Basmati Rice prices witnessed an increase of over 20% in the past two months. Increase in export volume and increased buying from Iran\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.grainmart.in\/news\/price-increase-in-basmati-rice-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Price Increase in Basmati Rice Market - Grainmart News\" \/>\n<meta property=\"og:description\" content=\"Basmati Rice prices witnessed an increase of over 20% in the past two months. Increase in export volume and increased buying from Iran\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.grainmart.in\/news\/price-increase-in-basmati-rice-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Grainmart News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/grainmart.in\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-03T14:01:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-12-21T02:21:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2019\/06\/1121-Sella-Basmati-Rice-e1561626582776.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1100\" \/>\n\t<meta property=\"og:image:height\" content=\"825\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Babu Ram\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Grainmart1\" \/>\n<meta name=\"twitter:site\" content=\"@Grainmart1\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Babu Ram\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.grainmart.in\/news\/price-increase-in-basmati-rice-market\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.grainmart.in\/news\/price-increase-in-basmati-rice-market\/\"},\"author\":{\"name\":\"Babu Ram\",\"@id\":\"https:\/\/www.grainmart.in\/news\/#\/schema\/person\/448eb235acd4d9bd577681374c45f995\"},\"headline\":\"Price Increase in Basmati Rice Market\",\"datePublished\":\"2019-06-03T14:01:08+00:00\",\"dateModified\":\"2019-12-21T02:21:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.grainmart.in\/news\/price-increase-in-basmati-rice-market\/\"},\"wordCount\":347,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\/\/www.grainmart.in\/news\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.grainmart.in\/news\/price-increase-in-basmati-rice-market\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2019\/06\/1121-Sella-Basmati-Rice-e1561626582776.jpg\",\"keywords\":[\"1121\",\"1121 Basmati Rice\",\"Basmati Rice\",\"Grainmart\",\"Increase in PRice\",\"India Grain Price\",\"Indian Basmati Rice\",\"IRan\",\"Iran Basmati Import\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.grainmart.in\/news\/price-increase-in-basmati-rice-market\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.grainmart.in\/news\/price-increase-in-basmati-rice-market\/\",\"url\":\"https:\/\/www.grainmart.in\/news\/price-increase-in-basmati-rice-market\/\",\"name\":\"Price Increase in Basmati Rice Market - Grainmart News\",\"isPartOf\":{\"@id\":\"https:\/\/www.grainmart.in\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.grainmart.in\/news\/price-increase-in-basmati-rice-market\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.grainmart.in\/news\/price-increase-in-basmati-rice-market\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2019\/06\/1121-Sella-Basmati-Rice-e1561626582776.jpg\",\"datePublished\":\"2019-06-03T14:01:08+00:00\",\"dateModified\":\"2019-12-21T02:21:27+00:00\",\"description\":\"Basmati Rice prices witnessed an increase of over 20% in the past two months. 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