The price of broken rice has also increased from Rs 16 per kg to Rs 22 per kg during the same period.
New Delhi:
A senior government official said on Thursday that the ban on export of broken rice and duty on outbound shipments of non-basmati/non-parboiled rice will boost local supplies and ease pressure on domestic prices.
According to data maintained by the consumer affairs ministry, the wholesale price rose 10.7 per cent to Rs 3,357.2 per quintal, from Rs 3,047.32 per quintal a year ago on September 14. The retail price has increased by 9.47 per cent to Rs 38.15 per kg from Rs 34.85 per kg.
The prices of animal feed have also increased. The price of maize increased from Rs 19 per kg on January 1, 2022 to Rs 24 per kg on September 8, 2022. The price of broken rice has also increased from Rs 16 per kg to Rs 22 per kg during the same period.
Local prices have come under pressure following a possible fall in rice production by 6-7 million tonnes in the current kharif season of the 2022-23 crop year (July-June), despite adequate stock in government godowns.
“After the ban on export of broken rice, local rice prices have started stabilizing,” the official said. We have also seen a slight drop in prices in some cities.
Last week, the food ministry said there had been an “absolutely unusual” increase in shipments of broken rice and that the broken grains were also not available in sufficient quantities for animal feed as well as for the ethanol blending programme.
The ban, imposed earlier this month, came in the backdrop of a possible decline in kharif rice production this year in view of less coverage of paddy due to both deficient and excess rainfall in some parts of the country.
According to the data of the Ministry of Agriculture, till last week the area under paddy declined by 4.95 per cent to 393.79 lakh hectares.
Although the government has not officially released the production estimate of kharif rice for the 2022-23 crop year (July-June), the official said that the total kharif rice production may fall by 6-7 million tonnes depending on the fall. can. Paddy sowing and current crop status.
Paddy is the main Kharif crop and its sowing begins with the onset of southwest monsoon in June and harvesting from October.
India’s total rice production during the crop year 2021-22 (July-June) is estimated to be a record 130.29 million tonnes (111.76 million tonnes in Kharif and 18.53 million tonnes in Rabi season) compared to 124.37 million tonnes in the previous year.
The Center is sitting on a stock of 47 million tonnes of rice, including rice equivalent to unpolished paddy, as of July 1. The buffer stock requirement as of July 1 is 13.5 million tonnes of rice.
India, which commands a 40 per cent share in the global rice trade, exported 21.23 million tonnes of rice in 2021-22 against 17.78 million tonnes in the previous year. Before the COVID pandemic, exports stood at 9.51 million tonnes in the financial year 2019-20.
(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)