The Basmati rice market is witnessing a bullish trend lately. Initially, the market was under pressure due to abundant stock and high production. However, with reduced supply and increasing export demand, prices are now climbing. Notably, in states like Uttar Pradesh and Uttarakhand, this season�s sowing of early-harvest (Sathi) paddy is limited to just 40-41%, impacting the availability of varieties like 1509 and 1847. Market Prices Show Recovery In major Haryana markets like Gohana, Karnal, Taraori, Tohana, and Safidon, 1718 paddy is now selling at ₹3500-3850 per quintal, compared to its previous low of ₹2900. Similarly, prices in Uttar Pradesh have reached ₹3200-3300, with traders demanding an additional ₹100-150 on older stock. In the rice market, Rajasthan is seeing prices of ₹6300 per quintal for 1718 sela, ₹5750-5800 for 1509 sela, ₹5700-5750 for 1847, and ₹5400 for Sugandha. Meanwhile, Punjab lines report pure 1509 steam at ₹7350, and Haryana lines show PR14 at ₹4300 and RH10 at ₹4250-4300 per quintal. Strong Demand from Iran Boosts India's Position Due to severe rice shortages in Iran, demand for Indian Basmati has surged. Compared to other nations, Iranian buyers are paying ₹240-300 more for foreign rice, making Indian Basmati a more attractive choice. The market has already gained ₹900 from its lowest level, and analysts predict another ₹300-500 increase by mid-to-late June. Risk-tolerant traders can hold 1718 paddy stocks expecting prices to reach ₹4000 per quintal. Those seeking safe deals may prefer current prices for transactions. Overall, the Basmati paddy-rice market is in a strong upward trend, and this momentum is likely to continue in the coming months. Traders must strategically decide their next move as supply constraints hint at sustained price increases.