India's basmati acreage declines, production set to fall

India's basmati rice acreage has contracted, with production expected to decline in the coming season. Despite the reduction in cultivated area, global prices for the aromatic rice remain firm, which may offer some support to growers.

The dip in basmati sowing reflects shifting farmer preferences, though strong international demand continues to underpin price levels. The balance between lower domestic output and steady export demand will influence both domestic supplies and market dynamics.