Due to the fear of Houthi rebels, the export shipment of all Basmati rice varieties is getting delayed, due to which there is a slowdown due to accumulation of stocks at the ports and looking at the current situation, there are chances of a few more days of slowdown in rice market. Although the cost of milling paddy at Rs 150/175 per quintal seems expensive, the market is continuously collapsing due to lack of shipment. We believe that all the export deals of Basmati variety rice are pending with the exporters and there is a shortage of rice in the importing countries, however, due to the terror of Houthi rebels in the Red Sea, the sea route has been changed, due to which due to lack of availability of ships at all the ports including Kakinada, Kandla, Gandhidham, the accumulation of Basmati rice for export is increasing. This is the reason why prices are falling due to lack of customers in rice mills and markets. Sela rice of 1718 Basmati variety, which was sold for Rs 7600 last week, today came down to Rs 7400 per quintal. Similarly, the price of 1509 sela rice has reduced from Rs 6900 to Rs 6800 in truck load. We believe that the arrival of paddy has reduced in all the mandis of Jandialaguru, Tarn Taran, Amritsar etc. of Punjab, but due to lack of demand from rice mills at any price, they have started selling in the mandis by reducing Rs 200. Here, in the markets of Haryana's Taraori, Kaithal, Cheeka, Safidon, Assand Tohana etc., the goods at the high price of the season are stuck in their hands. There, 1509 paddy has started selling for Rs 3500/3600 and there is no buyer at these prices also. Despite the low stock of rice 1121, the price has been reduced by Rs 200/300 to Rs 7800-7900 per quintal. In Uttar Pradesh's Jahangirabad, Bareilly, Rudrapur, Kashipur, Tanda, Dankaur, Bahjoi, Pahsu, Dadri line, sellers have started coming in. There is a huge silence in the market here, exporters are not picking up the goods because they are waiting for shipment for export. A trader said that earlier the goods used to reach the importing countries after shipment in 20-22 days, whereas due to the change in the route in the Red Sea, now it is taking one and a half times more time than before, due to which there has been a huge increase in the freight charges. On the other hand, the goods are also not able to reach there on time, creating a difficult situation at this time. Inflation has increased due to rice not reaching the importing countries as per the consumption. On the other hand, due to non-loading of goods in the Indian markets, the markets are getting broken, because the stock of rice is increasing after milling, which has become painful. Unless the situation in the Red Sea improves, there is no momentum.