prices

Rice exports to Bangladesh may not have a significant impact on prices in W. Bengal

The expected surge in desire for non-basmati rice from the neighbouring Bangladesh notwithstanding, rice selling prices in West Bengal is most likely to continue being assortment certain this yr on the back of an approximated rise in output and distribution of cost-free rice by govt.

According to industry insiders, cost of the prevalent wide range non-basmati rice in Bengal is down by close to 8 per cent at ₹2,200-2,250 a quintal this yr as in contrast with ₹2,400-2,five hundred a quintal very same time period final yr. Price tag of paddy has been continuous at final years’ concentrations at close to ₹1,five hundred-1,seven-hundred a quintal this yr.

Bangladesh lately floated a tender to purchase fifty,000 tonnes of non-basmati rice from India. This aside, there is also a excellent desire for non-basmati rice from India in countries this sort of as Vietnam and Africa.

In 2019-twenty, Bangladesh imported shut to nine

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