Paddy Prices Rise: Bundi Mandi Leads with Highest Rates | Market Trends & MSP 2024

Key Highlights

• Bundi Mandi has the highest paddy price at ₹3,661 per quintal.
• Prices range from ₹2,200 to ₹3,600 in various mandis.
• Future prices are expected to be stable with minor fluctuations.
• MSP for paddy is set at ₹2,300 for normal and ₹2,320 for Grade A.
• Farmers should check local prices before selling.

Farmers cultivating paddy have received positive news as paddy prices have witnessed a noticeable increase across various markets in the country. The highest price of paddy has been observed in Bundi Mandi, where it reached ₹3,661 per quintal. Here’s a detailed overview of paddy prices in major markets:

Current Paddy Prices in Key Markets

• Bundi Mandi, Rajasthan: ₹3,661 per quintal
• Achhnera Mandi, Uttar Pradesh: ₹3,200 per quintal
• Khambhat Grain Market, Gujarat: ₹3,500 per quintal
• Obedullaganj Mandi, Madhya Pradesh: ₹3,600 per quintal
• Lingsugur Mandi, Karnataka: ₹3,450 per quintal

Paddy Prices in Other Prominent Mandis

Uttar Pradesh

• Panchpedwa Mandi: ₹2,900 per quintal
• Magalaganj Mandi: ₹2,240 per quintal
• Rairebali Mandi: ₹2,345 per quintal
• Gorakhpur Mandi: ₹2,300 per quintal
• Madhoganj Mandi: ₹2,250 per quintal

Gujarat

• Dehgam Mandi: ₹2,375 per quintal
• Kalol Mandi: ₹2,600 per quintal
• Khambhat (Grain Market): ₹3,500 per quintal
• Sanad Mandi: ₹2,775 per quintal

Madhya Pradesh

• Bareilly Mandi: ₹3,100 per quintal
• Dabra Mandi: ₹2,500 per quintal
• Dindori Mandi: ₹2,340 per quintal
• Mandla Mandi: ₹2,200 per quintal
• Mohgaon Mandi: ₹2,250 per quintal
• Pipariya Mandi: ₹3,400 per quintal
• Raisen Mandi: ₹3,200 per quintal
• Udaypura Mandi: ₹3,300 per quintal

Future Market Trends for Paddy

Market experts predict that paddy prices will remain stable in the near future, with minor fluctuations of ₹200-₹300. Farmers who have sown paddy this season can expect profitable returns by March-April 2025. It's essential to note that paddy prices vary across mandis depending on quality. For example, Basmati rice typically commands higher market rates compared to regular paddy.

Minimum Support Price (MSP) for Paddy 2024-25

The Indian government announces the Minimum Support Price (MSP) for 23 crops before the Kharif and Rabi seasons. For the 2024-25 season, the MSP for normal paddy is set at ₹2,300 per quintal, while Grade A paddy has an MSP of ₹2,320 per quintal.

Advice for Farmers

The prices listed above reflect the highest rates observed in major markets. Before selling their paddy crop, farmers are advised to check the latest prices in their local markets to make informed decisions.

By staying informed about the current market trends and pricing, farmers can maximize their profits and ensure the best possible returns on their hard work.

Also Read: Telangana Loan Waiver Scheme: Third Phase Released – Check Eligibility

CMV360 Says

The rise in paddy prices is encouraging for farmers, especially in markets like Bundi. With stable prices expected in the coming months, farmers can look forward to profitable returns. However, staying updated on local market rates is crucial for making informed selling decisions.