Chinnor rice at record high of Rs 7,200/quintal

Source: The Hitavada      Date: 23 May 2018 12:33:04


 

Business Bureau

Price of Chinnor rice that was witnessing constant hike for the past three years has now hit all time high of Rs 7,200 per quintal on Tuesday. Chinnor, considered as one of the most popular varieties in local markets, saw about 50 per cent jump in three years.It was available in a price range of Rs 4,400 to Rs 5,000 per quintal in May 2016, however, it went up to Rs 4,700 to Rs 5,100 per quintal in May 2017 and on Tuesday it was sold at in price range of Rs 6,300 to Rs 7,200 per quintal in Kalamna wholesale market.Pratap Motwani, Secretary of Wholesale Grain and Seeds Merchant Association, said that the country has never seen Chinnor at such a high level.


“This is a very popular variety among the people of Vidarbha. Because of its unique taste and fragrance, people like it very much and thus it enjoys good demand here. However, because of high price many people are hesitating in buying it,” he said. Motwani also said that poor supply of the rice variety is pushing up the prices. “The market is seeing huge gap in demand and supply. On an average, 30 to 40 per cent less quantity of rice is arriving here,” he said adding that inflationary trend is likely to continue for about two months.And the prices may come down only after arrival of new crop which is expected in the month of December.


According to Motwani, price of Chinnor rice would further inflate by at least Rs 500 per quintal . “There is shortage of the crop in the rice producing belts in the region. Apart form this, other Chinnor rice cultivating areas have also reportedly saw dip in yield,” he said.Chinnor rice is grown in many parts of Gadchiroli, Chandrapur, Gondia, Bhandara and Balaghat among other places. But for one or the other reason, yield of Chinnor has been shrinking over the past three years.Apart from this, other varieties of rice like Luchai, DPT and Jayshreeram are also showing considerable hike over the period. Luchai jumped from Rs 2,100 - Rs 2,200 per quintal to Rs 2,600 - Rs 2,700; DPT from Rs 2,800 - Rs 3,200 per quintal to Rs 3,700 - Rs 4,000 per quintal and price of Jayshreeram rice climbed up from Rs 4,200 - Rs 4,800 to Rs 4,800 - Rs 5,500 per quintal .In the meanwhile, Basmati rice is giving some respite to the buyers as its price has not any change during the period. It is being sold at a price of Rs 5,000 to Rs 12,500 per quintal.