After wheat, now the budget of the month will spoil rice, there is a possibility of increase in prices due to decrease in production

In its first estimate, the agriculture ministry has projected rice production to decline by six per cent year-on-year to 104.9 million tonnes in the kharif season of the crop year 2022-23 (July-June).

Now the budget of the month will spoil the rice

Image Credit source: File Photo

After wheat, now rice has increased the concerns of the government. There is a possibility of reduction in rice production due to abnormal rains during the monsoon in the country. Due to which the trend of increasing rice prices in the domestic market is visible. The government has expressed apprehensions that in such a situation, rice prices may continue to rise further. To control the prices, the government has tightened the rules regarding the export of rice. Due to which many countries of the world have expressed their concern. Although the government has made it clear that paddy acreage Due to the decrease in production, there has been a rise in domestic prices, due to which this step has to be taken.

Rice prices will continue to rise

According to a statement issued by the Food Ministry, keeping in view the forecast of low production during the Kharif season and 11 percent increase in the export of non-basmati rice, the trend of increasing prices is likely to continue. 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 made in India’s rice export policy. The ministry also said that the recent changes in India’s rice export rules have helped keep domestic prices in check without reducing availability for export. The Food Ministry said in a fact sheet that 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. .

read this also



Government took steps to control prices

India banned the export of wheat in May to increase domestic availability. It had also banned the export of rice flakes and imposed an excise duty of 20 per cent on the export of non-basmati rice except that of Na. In fact, the sowing of paddy crop has decreased in the current Kharif season, so this step has to be taken to increase the domestic supply. Many parts of the country have received less rainfall this year. Due to which there is a decrease in the area under paddy. The effect of which is sure to increase on production. However, it is a matter of relief that the situation has improved a bit due to heavy rains in the going monsoon. The Indian Agricultural Research Institute (IARI) has said that the recent good rains in Jharkhand, Bihar and eastern Uttar Pradesh are beneficial for the paddy crop and will somewhat reduce the expected fall in rice production in the country during the kharif season. In its first estimate, the agriculture ministry has projected rice production to decline by six per cent year-on-year to 104.9 million tonnes in the kharif season of the crop year 2022-23 (July-June).