News Capsule: Basmati Rally Turns Market Bullish, Agri Stocks Gain Support
11-Apr-2026 02:49 PM
News Capsule: Basmati Rally Turns Market Bullish, Agri Stocks Gain Support
★ Basmati rice has emerged as the strongest performer in agri markets this week, driven by strong export demand.
★ Prices of 1509 Steam (A+) have surged to around ₹8,900 per quintal, while 1718 Steam has crossed ₹9,000 per quintal.
★ In just 10 days, basmati prices have jumped by nearly ₹1,500 per quintal — the sharpest rise this season.
★ The rally is supported by rising export demand, tight stock availability, and limited supply of premium-quality rice.
★ In contrast, non-basmati rice remains stable, with 1010 priced at ₹3,700–3,800, Swarna at ₹2,900–3,000, and Minikit around ₹5,200 per quintal.
★ Prices may increase further.