Rice Price: There will be an increase in the price of rice in the domestic market, because… the detailed information given by the Ministry of Food
Rice price hiked Food Ministry in domestic market rice There is a possibility of further increase in the price of Rs. The Ministry of Food has issued a leaflet in this regard. It is said that in the future rice will become expensive in the country. Also, the detailed reasons behind the recent amendments in India’s rice export policy are also mentioned in this paper. Meanwhile, the central government has recently decided to ban the export of broken rice. It has also been decided to impose an export tax of 20 percent on the export of non-basmati rice. After that the government has said that the price of rice will be increased.
The Food Ministry has said that the prices of rice are increasing in the domestic market. Less production is expected in Kharif season. The Food Ministry has informed that the increase in the export of non-basmati rice by 11 per cent is likely to increase the price of rice. Efforts to control domestic rice prices have been successful. The food ministry said recent changes in India’s rice export rules have helped keep domestic prices under control without reducing the availability of exports. Similarly, earlier this month, the government has banned the export of broken rice.
Rice production likely to drop by 6 million tonnes
This year rice production is expected to decline by around 6 million tonnes. Also, export of non-basmati rice is expected to increase by 11 per cent. Due to this, the Food Ministry has said that there is a possibility of increase in the price of rice in the domestic market.
Information from Ministry of Food regarding export of rice
The Food Ministry has also reacted to the decision to ban the export of broken rice. The Food Ministry clarified that before the ban was decided, those vessels which had rice loading docks or where the shipping bill has been filed and the ship is already ready, would be allowed to export bulk rice cargo. Earlier the deadline for export of broken rice was fixed till September 15. India immediately banned the export of broken rice on 9 September.