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Paddy prices are rising, with Bundi Mandi leading. Farmers can expect stable prices and potential profits in the coming months.
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:
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.
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.
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.
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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.