HomeLifestyleInflation: Rice-wheat-flour is up to 20 percent more expensive, the price will...

Inflation: Rice-wheat-flour is up to 20 percent more expensive, the price will increase further, the government told why the price is increasing?

Highlights

This year there has been a big jump of 9 to 20 percent in the prices of these food products.
The total production of rice in the Kharif season this year is estimated to be 104.9 million tonnes.
The retail price of rice in the country has increased by 9.03 percent as compared to last year.

New Delhi. The government stopped exports to control the prices of cereals like rice, wheat, flour in the domestic market, but their prices are increasing continuously. The Food Ministry has told that the prices of these food products have increased by 20 percent compared to last year.

According to the Food Ministry, the prices of rice, wheat and flour are expected to increase further in the domestic market. A day earlier, the ministry had released the average of all India wholesale and retail prices of rice, wheat and wheat flour. It has been told that there has been a big jump of 9 to 20 percent in the prices of these food products this year as compared to last year. After these figures, the ministry has said that the prices of rice, wheat and flour will continue to rise even further.

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The Agriculture Ministry had said on Wednesday that the total production of rice in the Kharif season this year is estimated to be 104.9 million tonnes, as against 11.17 lakh tonnes in last year’s Kharif season. After this came the statement of the Ministry of Food, in which further increase in the prices of rice, wheat is being said. The ministry has said that due to low production estimates and high export of non-basmati rice, the trend of rising rice, wheat prices will continue.

How much has the average price of rice, flour increased in the country
According to the Consumer Ministry, the retail price of rice in the country has increased by 9.03 percent compared to last year, while the retail price of wheat has increased by 14.39 percent. The biggest jump came in the retail price of flour, which has become costlier by 17.87 percent since last year. If we talk about the wholesale price, the All India Daily Wholesale Price of rice has increased by 10.16 percent compared to last year, while this jump in wheat is by 15.43 percent and in flour by 20.65 percent.

impact on food security plans
The Agriculture Ministry for the first time released the estimate for the Kharif season 2022-23, in which it has been said that this time the rice production will be 6 percent less than last year. Earlier, a target of 122 million tonnes of rice production was set for the current season, which is now visible only at 104.9 million tonnes. Due to the decrease in Kharif production, the schemes for distribution of food grains in the country under the National Food Security Act 2013 will be affected. This year around 60 to 70 lakh tonnes of rice was estimated to be under production, which may now remain 40-50 lakh tonnes.

The increasing export of rice along with low production is also a major reason for the increase in prices in the domestic market. According to the ministry, there has been a jump of 11 per cent in the export of non-basmati rice this year. The increasing demand for broken rice in the global market has put pressure on exports. If we look at the trend of the last four years, there has been a big jump of 43 percent in the export of broken rice. While the total export of broken rice was 51 thousand tonnes in April-August, 2019, this figure increased to 21.31 lakh tonnes in April-August 2022. In the year 2021, only 15.8 lakh tonnes of rice was exported during April-August.

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Milk, egg prices may increase
Although the government has banned the export of broken rice from September 9, the biggest impact of the increase in its prices is likely to be on poultry and livestock farmers. The price of broken chalav has increased from Rs 16 per kg last year to Rs 22 per kg. The reason for its impact on the poultry industry is that only broken rice accounts for 60-65% of the cost of chicken feed. If its prices increase further, the price of animal feed and chicken feed will increase, which will also affect the prices of milk, eggs and meat.

Tags: business news in hindi, Food safety act, Import-Export, inflation, Rice, Wheat crop

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