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A Declining Trend In The Prices Of Wheat And Rice!

The government said on Friday that wheat and rice prices in wholesale and retail marketplaces in the country showed a downward trend till August 16 this year, compared to the month-ago period of market intervention.

Rashmi Vats by Rashmi Vats
August 24, 2021
in Featured, Top News
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A Declining Trend In The Prices Of Wheat And Rice!

The Financial Express

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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.

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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.

 A Declining Trend In The Prices Of Wheat And Rice!
Times Of India

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.

A Declining Trend In The Prices Of Wheat And Rice!
Anadolu Agency

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.

A Declining Trend In The Prices Of Wheat And Rice!
Geography And You

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

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Rashmi Vats

Rashmi Vats

Rashmi is a writer and a student of literature in University of Delhi. She has always been interested in various modes of education and the changes she can bring to make people’s lives better. To be able to understand marginal voices and give them the space to think and grow is her goal in life. She likes to paint and read in her spare time.

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