Price of rice plummets following decline in wheat and flour prices
Published on: June 26, 2024.
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Rice prices in Punjab have significantly decreased in the past two months, following the reduction in wheat and flour prices. This decline can be attributed to the successful efforts by the Punjab government to stabilize the market. As a result, the cost of various rice types, such as Super Kainat, Super Basmati, and Super Kernal, has decreased by Rs50 to Rs60 per kilogram.
The price of Super Kainat rice, for instance, has dropped by Rs60, making it available at Rs280 per kilogram. Similarly, Super Basmati rice is now priced at Rs210 per kilogram, reflecting a reduction of Rs50. These significant price drops are a positive development for consumers, as they can now access basic food items at lower costs.
This decrease in rice prices is part of the Punjab government’s broader strategy to stabilize food costs and ensure affordability for all individuals. By successfully implementing measures to keep prices low, the government aims to alleviate the financial burden on people during these challenging economic times.
Overall, the decreasing trend in rice prices is indicative of the effective actions taken by the Punjab government. Consumers can now enjoy the benefits of lower rice prices, thanks to the government’s efforts. This positive development is expected to relieve concerns about artificial inflation and contribute to the accessibility of essential food items.
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