According to first advance estimate released by Union Ministry of Agriculture, rice production is projected 6.67 million tonne higher than the previous year.
THE Department of Finance (DOF) urged rice traders to ensure that reductions in rice tariffs are passed on to consumers after rice inflation accelerated to 9.6 percent in October.
THE CONTINUED DECLINE in rice prices, which typically accounts for nearly half of overall inflation, is set to pave the way for further monetary easing, analysts said.
The average price of imported high-quality rice sold loose has surged by 144.77 percent year-on-year as the Federal Government delays implementing its duty-free food policy.
Hyderabad: The state civil supplies department has decided to seek bank guarantees and security deposits from millers based on their track record, following the recommendations of the Cabinet sub-committee on paddy-related issues.
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