Centre extends sale of 'Bharat atta' and 'Bharat rice' at revised rates

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Centre extends sale of 'Bharat atta' and 'Bharat rice' at revised rates - Business Standard

Quick Summary:

Consumer Price Inflation in rice has consistently remained over 12 per cent since January 2024, while wheat prices have climbed from 2.33 per cent to 6.67 per cent during the same period.

As of July 1, 2024, wheat stocks in the central pool are estimated to be around 29.90 million tonnes which is just 0.80 per cent less during the same period last year while that of rice was 32.61 million tonnes, 28.6 per cent more than the same period last year, according to the latest data.

For ‘Bharat rice’ the government will hand a subsidy of Rs 2 per kg, which would make the effective issue price of around Rs 22 per kg for FCI.