Rice Price Will Go Up At Domestic Market In Near Term Says Food Ministry In A Fact Paper


Rice Price Up: Information has also come from the government on the possibility of further increase in the prices of rice in the domestic market. On behalf of the government, the Ministry of Food gave this information by releasing a fact sheet on Thursday. In this, the ministry has given detailed reasons behind the recent amendments in India’s rice export policy and has also given a clear indication that rice will be costlier in the country and its price will continue to rise.

Rice will be expensive in future
The Food Ministry has said that the trend of increasing rice prices in the domestic market is visible. The upward trend in rice prices is likely to continue in view of forecast of lower production during Kharif season and 11 per cent increase in non-basmati rice exports.

Efforts to keep domestic rice prices under control have paid off: Food Ministry
However, the food ministry also said that recent changes to India’s rice export rules “helped to keep domestic prices under control” without reducing availability for export. Earlier this month, the government banned the export of broken rice and imposed a 20 per cent export duty on non-basmati rice.

What the food ministry said in the fact paper
The Food Ministry said in the fact paper, “The domestic rice prices are showing an upward trend and may continue to rise due to forecast of lower production of around 6 million tonnes of paddy and 11 per cent growth in exports of non-basmati rice.” Is.”

Information was also given by the Ministry of Food regarding the export of rice.
According to the new instructions issued by the government, the export of broken rice consignments will still be allowed to those whose loading was on the ship before the decision to impose the ban or where a shipping bill has been filed and the ship is already ready for loading. They have reached for and have anchored in India. A new notification also states that only those cases where ports and their rotation numbers have been allotted and where the consignment of broken rice has been handed over to the customs department and registered in their system will be allowed to be exported. permission will be given. Earlier, the deadline for export of broken rice was fixed till September 15. Let us tell you that on September 9, India had banned the export of broken rice with immediate effect.

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