Centre may reduce rice prices, but unlikely to lift export restrictions on wheat and sugar
Published on: January 15, 2024.
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The government is taking measures to monitor and reduce rice rates in order to ensure that this essential commodity remains affordable for the people of India. Rice is widely consumed throughout the country, making it a key concern for the government.
In addition to monitoring rates, the government has announced plans to launch Bharat Rice at a price of Rs 25 per kg. This initiative aims to provide rice at a lower cost to all segments of Indian society. Despite the price increase, the government has also taken steps to ensure an adequate supply of wheat, sugar, and pulses to the public.
At present, the government does not plan to import wheat and sugar due to an estimated production of 114 million tonnes of wheat. This decision is subject to change based on future developments.
In response to rising prices, the government has implemented export restrictions on wheat, broken rice, and sugar. However, Basmati rice exports are still allowed at a floor price of $950 per barrel. Union Minister Piyush Goyal has stated that these export restrictions are unlikely to be lifted in the near future.
To further support the public, the government has introduced Bharat brand atta (flour) and chana dal (split chickpeas) at subsidized rates. These products can be purchased at Kendriya Bhandars, as well as outlets operated by Nafed and NCCF. Retail packets of Bharat brand chana dal are also available at private retail outlets such as Reliance Retail and BigBasket.
The government has taken various steps to ensure the availability and affordability of essential food items. Central agencies like Nafed and NCCF have purchased wheat through open market sales conducted by the Food Corporation of India.
For more information on rice exporters, rice suppliers, and Pakistani rice, you can visit websites like hasrice.com and pakistanrice.com. These websites provide a wealth of information on rice exports, prices, suppliers, and related businesses in Pakistan.
Overall, the government’s efforts to monitor rice rates and provide affordable options like Bharat Rice demonstrate its commitment to ensuring food security for the people of India.
Source: [News9live.com](https://www.news9live.com){target=”\_blank”}
