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Rice Price UPSC NOTE

 What are the measures the government is taking to bring down the increasing price of rice?

  • The government has asked traders, wholesalers, retailers, chain retailers and millers to report the stocks online in the categories of broken rice, non-basmati white rice, par-boiled rice, basmati rice, and paddy. 

  • It has also launched the retail sale of ‘Bharat Rice’ to general consumers at ₹29 per kg.

  • Moreover, in September 2022, the export of broken rice was banned, and a 20% duty was imposed on par-boiled rice

  • Non-basmati white rice exports was also put under the prohibited category from July 2023. 

  • The government has procured 600 lakh tonnes of paddy during the current Kharif marketing season, starting October 1, 2023. 

  • With this, the central pool has 525 lakh tonnes of rice as against the annual requirement of almost 400 lakh tonnes for welfare schemes

  • Till the end of January this year, the government has sold 1.66 lakh tonnes of rice in the open market.

Why are prices increasing

  • Traders and millers cite several reasons for the higher retail rice prices. 

  • The Minimum Support Price for rice has gone up in the last five years and the cost of transport, 

storage, etc. are also escalating. 

  • In rice consuming States, the varieties consumed in large quantities have seen a drop in production this year. 

  • Further, despite government measures, export of non-basmati rice has seen a multi-fold jump during the last three years compared to the previous years. 

  • Non-basmati rice exports were 5.1 million tonnes in 2019-2020 which increased to 13.1 million tonnes in 2020-2021.

  • 17.3 million tonnes in 2021-2022, and 16.1 million tonnes in 2022-2023. 

  • In April-May 2023-2024, it was 2.8 million tonnes compared to the 2.7 million tonnes for the same period a year earlier. 

  • The export duty levied by the government is neutralised by the high international prices, say the traders. 

  • Furthermore, the rice consumed in the retail market is of the stock of last season and with a shortfall in arrivals, the prices may go up even more in the coming months.

What should the government do?

  • According to the millers in the northern States, there is a demand for rice for consumption, ethanol production, and cattle feed. 

  • The government should prioritise sale for consumption. 

  • The stock data collected by the government is expected to give an indication of the stock levels

  • It should look at capturing data for the most consumed varieties too before deciding the future course of action.

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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: Rice Price UPSC NOTE
Rice Price UPSC NOTE
Learnerz IAS | Concept oriented UPSC Classes in Malayalam
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