India: Retail prices of rice to remain under control, says government
Rice
India
Published Sep 24, 2022
Tridge summary
By imposing the ban on export of broken rice, the government has "successfully ensured domestic food security, availability of domestic feed for poultry and cattle feed, while keeping a check over inflation as well as domestic price of rice", the food ministry said in the statement on Friday.
Original content
The government on Friday said retail prices of rice in the domestic market will remain under control, helped by a ban on exports of broken rice and sufficient stocks in its godowns. The statement by the food ministry came a day after its factsheet alluded to a pricing pressure and rates of rice rising in the near term. By imposing the ban on export of broken rice, the government has successfully ensured domestic food security, availability of domestic feed for poultry and cattle feed, while keeping a check over inflation as well as domestic price of rice, the food ministry said in the statement on Friday. With effect from September 9, the Center imposed a ban on broken rice exports and also a slapped a 20 per cent export duty on non-basmati rice, except for par-boiled rice. The domestic price of rice is in comfortable position and the prices will remain well under control...Due to surplus stock of rice, the domestic price of rice will be under control as compared to ...
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