The Kota rice industry, which exports 90% of its rice to Gulf nations, is suffering as a result of the Israel-Hamas conflict. The war has thrown a wrench in the works for the rice growers and exporters in this town in Rajasthan, causing them to be uncertain about their ability to make a good living through the export of their produce.
Rice Exports From Kota, India
A large shipment of rice was scheduled to be sent to Iran, according to businessman Prakash Chandra Paliwal of Bhamashah Agricultural Produce Market, but the shipment had to be postponed. He mentioned that, “If the situation remains the same, farmers would get lower prices for rice. 90% of goods from India are exported to Gulf countries such as Iran, Iraq, Saudi Arabia, Kuwait, and few other nations. Apart from this, rice is also sent from Kota to UK and USA.”
Hadoti, an aromatic variety of basmati rice, is popular in Kota. Roopnarayan Yadav, in charge of publicity for the Bharatiya Kisan Sangh, claimed that the government has allowed the export of rice with a price tag of more than $1200 per tonne. Rice of a more affordable variety is produced in Hadoti and a few nearby Madhya Pradesh locations.
Price Of Rice
He also mentioned, “In such a situation, demand is that rice export should be opened up to $850 per tonne. Farmers will benefit from this. If that does not occur, then farmers won't get the price of rice. We received good prices last year as a result of open export.”Paliwal claims that the cost of paddy variety 1509 was Rs 3,000 per quintal at the start of last year. It increased in the months of November and December, going from Rs 3,800 to Rs 4,200.
Throughout the year, the average cost per quintal was around Rs 3,600. Contrarily, the average cost of variety 1718 per quintal last year ranged from Rs. 4,000 to Rs. 4,400. Only 1509 varieties of paddy are currently arriving in the market, according to Paliwal. Price per quintal ranges between Rs. 3,200 and Rs. 3,200. Not much has changed for the better. Although there is a greater demand, prices have not increased.
One of the main reasons for the farmers' crisis is the government's export ban, he claimed. Farmers will experience problems as well as a direct loss as a result of this. 1.25 billion bags of rice are received annually, according to market secretary Jawaharlal Nagar.
Farmers from MP and UP come here as a result of fair trading, he added. According to Nagar, people from Madhya Pradesh travel here to sell their goods in Guna, Shivpuri, Ashok Nagar, Sheopur, and Gwalior. When farmers from Jhansi and Prayagraj travel to Kota to sell their wares, they receive higher prices than they would elsewhere.
If you are a rice importer wishing to buy rice in bulk or a rice exporter willing to export bulk rice , then Tradologie.com is the right platform for you. Tradologie.com is a Software as a Service platform that facilitates bulk agro-trade across the globe. Through tradologie.com’s interface, buyers can avail the best qualities of agro-commodities at negotiable rates. The transaction oriented platform has 600,000+ verified buyers and about 70,000+ registered sellers of agro-commodities from over 150 countries.
To register as a buyer, click here. To register as a seller, click here.
To stay updated with the latest happenings in the agro-trade industry, follow Tradologie.com across all social media channels.