Rice Prices

Analysts expect global and domestic rice demand to remain firm, which they believe, would keep the stock prices piping hot going ahead

The retail inflation rate in wheat rose to 19.67 per cent in November from 17.64 per cent in October

The spike in the prices of these two cereals was diametrically opposite to the cooling of the overall inflation rate and of food inflation, both of which hit a three-month low

India's recent curbs on rice exports could trigger a rally in global prices after more than a decade of stability, traders said, as New Delhi's protectionist move coincides with falling output

The government imposed a ban on the export of broken rice with effect from September 9 to increase domestic availability

The government on Friday said retail prices of rice in the domestic market will remain under control, helped by a ban on exports of broken rice and sufficient stocks in its godowns. The statement by the food ministry came a day after its factsheet alluded to a pricing pressure and rates of rice rising in the near term. By imposing the ban on export of broken rice, the government has "successfully ensured domestic food security, availability of domestic feed for poultry and cattle feed, while keeping a check over inflation as well as domestic price of rice", the food ministry said in the statement on Friday. With effect from September 9, the Centre imposed a ban on broken rice exports and also a slapped a 20 per cent export duty on non-basmati rice, except for par-boiled rice. "The domestic price of rice is in comfortable position and the prices will remain well under control...Due to surplus stock of rice, the domestic price of rice will be under control as compared to internationa

Domestic rice prices are showing an upward trend and it "may continue to increase" due to low kharif production forecast and 11 per cent jump in export of non-basmati rice, the food ministry said on Thursday. The statement was made in the fact sheet that the ministry issued detailing reasoning behind recent amendments to the India's rice export policy. The ministry also said that the recent changes in India's rice export rules "have helped keep a check on domestic prices" without reducing the availability for exports. Early this month, the government had banned export of broken rice and imposed a 20 per cent export duty on non-basmati rice to boost domestic supplies paddy crop acreage in this kharif season. In its fact sheet, the food ministry said: "The domestic prices of rice are showing increasing trend and it may continue to increase due to low production forecast by about 6 million tonnes of paddy and 11 per cent increase in export of non-basmati rice compared to corresponding

With the price index surprising on the upside in August, many analysts have pencilled in a higher inflation print in September as well and accordingly expect the RBI to frontload policy rate hikes

India, which commands 40% share in the global rice trade, exported 21.23 mt of rice in 2021-22, against 17.78 mt in the previous year

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The price of rice variants has risen 6-20 per cent in major markets across the country due to drop in acreage, stoking fears of a 6-10 mt fall in kharif production this year, compared to last year

As of August 16, the government has rice stocks of around 26.35 million tonnes in the Central pool

The last time India blocked grain exports, in 2007 and 2008, the decision precipitated a years-long food-security crisis

Rice procurement a tad higher than 50.98 mn tonnes in 2021-22; market sources say this could be a sign that govt does not expect a major drop in Kharif rice output

Rice procurement a tad higher than 50.98 mn tonnes in 2021-22; market sources say this could be a sign that govt does not expect a major drop in Kharif rice output

The saving grace is that unlike wheat, rice stocks in the central pool are much higher than required

After wheat, rice prices are firming up on reports of supply concerns with the all India average retail price of the grain ruling higher by 6.31 per cent at Rs 37.7 per kg compared to the year-ago period, according to an official data. The All India average retail price of wheat has risen by over 22 per cent to Rs 31.04 per kg as of August 22 compared to Rs 25.41 per kg in the year-ago period, according to the data maintained by the Consumer Affairs Ministry. The average retail price of wheat flour (atta) has increased by over 17 per cent to Rs 35.17 per kg as against Rs 30.04 per kg in the year-ago period, the data showed. The rising trend in the retail price of rice is due to reports of likely drop in the country's production in view of 8.25 per cent lag in paddy sowing till last week in the ongoing kharif (summer) season. Considering the current lag in the paddy coverage, experts said the country's total rice production is likely to be lower than the set target of 112 million to

In several states, farmers have already moved on to other short-duration crops such as pulses and coarse cereals abandoning paddy

There has been a double-digit year-on-year increase in the prices of most spices, with branded coriander costing 16.9 per cent more in June this year than a year ago

Monsoon rains determine the size of India's rice crop, and plentiful rains this year would help it maintain its preeminent position in the global rice trade