'Domestic rice prices may continue to rise'
Millennium Post Delhi|September 23, 2022
NEW DELHI: 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.
'Domestic rice prices may continue to rise'

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 of paddy crop acreage in this Kharif season.

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