News

Rice prices fall as Rabi crop starts arriving in market

Rice
Market & Price Trends
Published Feb 22, 2024

Tridge summary

Rice prices in India have seen a decrease of up to 10% in the past month due to increased supplies from the rabi crop and government measures. Non-basmati rice has become 7% cheaper, while basmati prices have dropped by 10%. This is due to the arrival of the rabi crop from Telangana, Odisha, and Tamil Nadu, and a government mandate requiring all rice trade stakeholders to declare their stock limit every Friday. Additionally, Indian basmati rice is facing competition from Pakistani basmati rice, leading to a steeper price drop in the basmati category.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Kolkata: Prices of all kinds of rice have fallen by up to 10% in the past one month amid increasing supplies in the market and helped by government measures, making the staple food grain more affordable to Indian households.While non-basmati rice has become cheaper by up to 7%, basmati prices have witnessed a steeper 10% drop. The reduction in the prices of the most widely consumed grain bodes well for the government ahead of the general elections.Gradual arrival of the rabi crop from Telangana, Odisha and Tamil Nadu to the market has led to the fall in the prices of non-basmati. rice, said trade sources.Sona Masoori, one of the popular non-basmati varieties consumed by India's middle-class families, has become cheaper at Rs 58 per kg in the retail market, compared with Rs 62 per kg last month. , traders said. The price may fall below Rs 55 by the end of March when the arrivals will pick up, they said. According to a section of traders, prices have fallen in the last week to 10 ...
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