According to a statement from the food ministry, the retail price of rice fell 1.78 per cent to Rs 35.28 per kg on August 16 from Rs 35.92 per kg a month earlier.
As per the data released by the Ministry of Consumer Affairs, 9.84 lakh metric tonnes of wheat had been sold in 2021-22 through July. Similarly, over the same time period, 4.13 lakh metric tonnes of rice were sold.
Officials stated that a record sale of wheat and rice had helped the ministry keep prices in the retail and wholesale markets under control. Wheat retail prices fell 2.18 per cent to Rs 26.52 per kilogramme on August 16 from Rs 27.11 per kilogramme the previous month.
The wholesale price of rice also declined 2.17 per cent to Rs 3,030.6 per quintal from Rs 3,097.88 per quintal over the same period.
According to the ministry, it is “proactively adopting policies that assist in maintaining low inflation, as reflected in the open market sale scheme (OMSS) coverage for the years 2021-22.” The government sells rice and wheat to bulk consumers at the reserve price under the open market sale system (OMSS) programme for the years 2021-22.
OMSS has purchased around 9.84 lakh tonnes of wheat and 4.13 lakh tonnes of rice until July of this year, recorded the statement. According to APEDA data, rice exports increased by 25.3 per cent to USD 2.4 billion in April-June, while outbound shipments of other cereals increased by 23.4 per cent to USD 231.4 million.
“Various steps implemented for the export promotion of agricultural and processed food products, such as organising B2B exhibits in different countries, have resulted in an increase in export of agricultural and processed food items.
According to APEDA data, rice exports increased by 25.3 per cent to USD 2.4 billion in April-June, while outbound shipments of other cereals increased by 23.4 per cent to USD 231.4 million.
“Various steps implemented for the export promotion of agricultural and processed food products, such as organising B2B exhibits in different countries, have resulted in an increase in export of agricultural and processed food items. “Indian Embassies are actively involved in seeking new prospective markets through product-specific and general marketing campaigns,” added the ministry of commerce.
Also Read: A Thriving Horticulture In Jammu and Kashmir
Comments 1