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Retail prices of rice in domestic market to remain under control: Govt

Business Standard LogoBusiness Standard2 mo ago

Retail prices of rice in domestic market to remain under control: Govt - Business Standard

Quick Summary:

By imposing the ban on export of broken rice, the government has "successfully ensured domestic food security, availability of domestic feed for poultry and cattle feed, while keeping a check over inflation as well as domestic price of rice", the food ministry said in the statement on Friday.

The government on Friday said retail prices of rice in the domestic market will remain under control, helped by a ban on exports of broken rice and sufficient stocks in its godowns.

With effect from September 9, the Centre imposed a ban on broken rice exports and also a slapped a 20 per cent export duty on non-basmati rice, except for par-boiled rice.


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Article Details

Author / Journalist: Press Trust of India

Category: EconomyFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-23 @ 22:09:00 (2 months ago)

News Timezone: GMT +5:00

Ranking: #1884 (out of 2078 stories this day)

News Source URL: business-standard.com

Language: English

Article Length: 663 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 497061

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About Business Standard

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Main Topics: EconomyFinance

Official Website: business-standard.com

Update Frequency: 150 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 1 weeks ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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