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Paddy June 2021
Paddy June 2021
Paddy June 2021
Table 2: International Grain Council’s World Rice Projections (in million metric tonnes)
2019/20 2020/21 2021/22
(Estimated) (Forecast) (Projected)
Opening Stocks 175.5 173.8 169.2
Production 498.6 502.8 510.7
Imports 44.0 46.5 46.7
Total Availability 674.1 676.6 679.8
Total Consumption 500.2 507.5 508.7
Exports 44.0 46.5 46.7
Ending Stocks 173.8 169.2 171.2
Source: International Grains Council
Table 7: Arrivals and Prices Paddy (Grade A) for the Month of May ‘21 in Suryapet Market
Date Arrival Minimum price Maximum price Modal price
(Quintals) (Rs/quintal) (Rs/quintal) (Rs/quintal)
3 4,228 1,309 1,669 1,508
4 2,670 1,200 1,678 1,481
5 1,740 1,219 1,676 1,439
6 2,144 1,209 1,808 1,531
17 559 1,412 1,669 1,549
18 786 1,219 1,679 1,456
19 1,179 1,209 1,689 1,559
20 789 1,269 1,679 1,566
21 793 1,211 1,671 1,459
22 692 1,206 1,668 1,359
24 747 1,211 1,689 1,539
25 802 1,218 1,659 1,339
26 271 1,201 1,649 1,356
27 295 1202 1649 1589
28 653 1202 1643 1459
29 170 1449 1748 1748
31 473 1303 1819 1609
Source: http://tsmarketing.in/
Paddy Price Outlook
The Civil Supplies Corporation (CSC) in Telangana State had set a total procurement
target of 80 lakh tonnes and so far purchased more than 65 lakh tonnes of paddy and planning to
buy the rest before the commencement of rainy season in the state.
The Philippines reduction in rice import duty may benefit Indian rice exports. The
Philippines imports 2.5 million tonnes of rice per year, primarily from Vietnam and Thailand.
Non-basmati rice exports from India may increase to the Philippines. India’s rice exports were
almost doubled to an all-time high of 17.7 MT last fiscal, against 9.5 MT a year ago.
India’s rice stock in the central pool as on May 1, 2021 stood at 30.48 million tons, up by
7% from 28.50 million tons recorded during the corresponding period last year.
Table 8: Arrivals and Prices of Paddy (Common) for the Month of May ‘21 in Suryapet
Market
Date Arrival Minimum price Maximum price Modal price
(Quintals) (Rs/quintal) (Rs/quintal) (Rs/quintal)
3 5,443 1,301 1,536 1,406
4 4,447 1,209 1,539 1,419
5 3,954 1,201 1,552 1,529
6 3,729 1,209 1,589 1,559
17 1,689 1,309 1,589 1,539
18 1,822 1,219 1,559 1,529
19 2,195 1,201 1,561 1,469
20 3,064 1,206 1,529 1,409
21 2,765 1,229 1,541 1,469
22 872 1,201 1,521 1,481
24 1,372 1,211 1,509 1,439
25 1,099 1,211 1,526 1,459
26 793 1,209 1,556 1,489
27 503 1219 1569 1472
28 518 1209 1589 1589
29 572 1209 1609 1529
31 791 1259 1636 1469
Source: http://tsmarketing.in/
During the crisis of Corona Virus Pandemic, India is catering to the needs of Grains for its
1.35 crore population as well as providing food grains to other needy countries. This is the reason
why non-basmati rice exports from the country saw a jump of 129 percent during the last
financial year 2020-21.
Under these circumstances, Agricultural Market Intelligence Centre, PJTSAU expects that
Paddy-Grade-A and Paddy-Common could trade in price ranges of Rs. 1850–2150 and Rs. 1600 -
1900 per quintal respectively during the month of June, 2021.