Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
The Centre on Friday 2 Feb decided to sell rice under the ‘Bharat’ brand at ?29 per kg from
next week directly to consumers in 5- and 10-kg packs through the cooperatives
Nafed, NCCF, and Kendriya Bhandar.
This comes after its request to rice millers to
bring down prices failed to yield the desired results. It has imposed the
Essential Commodities Act to make it mandatory for traders to declare
rice/paddy stocks every Friday in a designated portal, starting February 9.
Prices of rice have risen by 14.5 per cent in retail and 15.5 per cent in wholesale markets from a year ago, government data
show.
Briefing media after the decision, Union Food
Secretary Sanjeev Chopra said that “all options are open” to bring down the
prices, when asked
if the imposition of a stock limit on rice is the next step. Chopra emphasised
that prices of all essential food items are under control except rice.
On market speculation that there may be a complete
ban on the export of parboiled rice, he said there is no such plan, and its
export until January 24 in the current fiscal has declined by six per cent from
the April-January 2022-23 period.
Stressing that there is no plan to lift export restrictions on rice, he said the stock
declaration would ensure that entities that are holding stocks for reasons best
known to them are able to get this kind of a signal and release the stocks into
the market which should cool down the prices.
BV Krishna Rao, President, The Rice Exporters
Association, said supply side issues are to blame for the rise in rice prices.
