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Rice Prices: After wheat, the retail prices of rice also jumped, have to spend more, know the reason

Rice Prices Up: The people of the country are constantly feeling the shocks of inflation and now rice is increasing the cost of their plate. After wheat, now rice prices are rising due to supply concerns. Its All India Average Retail Price has gone up by 6.31 per cent to Rs 37.7 per kg as compared to the same period last year. This information has been received from a government figure.

What is the reason for rising rice prices
The rise in retail price of rice is on the back of news of a possible fall in the country’s output in the current Kharif (summer) season in view of paddy sowing being lower by 8.25 per cent till last week. Experts said the country’s total rice production is likely to fall short of the target of 112 million tonnes for the kharif season 2022-23 (July-June) considering the current shortfall in paddy sown area.

The fall in the area of ​​paddy
According to the data of the Ministry of Agriculture, paddy has been sown in 343.70 lakh hectare area till August 18 of this kharif season, compared to 374.63 lakh hectare in the corresponding period last year. Due to deficient monsoon rainfall, area under cultivation has been reported in Jharkhand, West Bengal, Bihar, Odisha, Uttar Pradesh, Chhattisgarh, Madhya Pradesh, Telangana and some other states. Paddy is the main Kharif crop, sowing of which begins with the onset of southwest monsoon in June. About 80 percent of the total rice production of the country is obtained from the Kharif season.

Wheat prices lower than rice
“However, the rise in retail prices of rice is not as much as wheat as the Center has a huge stock of 3.96 lakh tonnes and can use this stock to intervene in situations at a time of sharp rise in prices,” he said. “

Wheat prices have increased by how much
According to consumer affairs ministry data, the all-India average retail price of wheat increased by nearly 22 per cent to Rs 31.04 per kg on August 22 from Rs 25.41 per kg in the same period last year. The data shows that the average retail price of wheat flour has increased by more than 17 per cent to Rs 35.17 per kg from Rs 30.04 per kg in the same period last year.

In the case of wheat, production declined due to heat wave
In the case of wheat, prices in both the wholesale and retail markets have come under pressure due to a fall of about three per cent in domestic production in the 2021-22 crop year. Wheat production has declined due to heat wave, which resulted in shrinking of grains in northern states like Punjab and Haryana. Meanwhile, industry body, Roller Atta Millers Federation has raised concerns about non-availability of wheat and steep rise in price during the last few days.

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