Non-basmati rice prices are higher than ever, even with the government urging everyone to chill! This isn't just some random hike; it's a complex story:
➡FCI's been releasing less rice than usual: Their monthly distribution dropped almost 50% compared to last year.
➡Harvest season is here, but it's not enough: Apparently, the yield isn't as bountiful as expected.
➡Exports are on hold, but prices keep rising. Why? Well, with less FCI rice in the market, people are turning to open markets, pushing up prices.
What's the deal with FCI? They're trying to manage their wheat and rice stocks, and wheat's been running a little low. So they're saving rice for later, leaving us with less in the meantime.
This is impacting everyone: Double-digit rice inflation for a year now? That's not exactly pocket change for any of us.
💬 Your thoughts matter! Check this out – the rice take in Nov 2023 dropped big time, from 7.083 mt last year to just 3.126 mt. Crazy, right? What's your take on this? Let's have a casual chat about fixing rice prices and distribution. Your ideas can really make a difference!
🗣️ Drop your thoughts below! Seriously, your voice can make waves. Share your ideas in the comments!
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