In India, deficit rainfall in key States such as Karnataka, Andhra Pradesh and Telangana has affected the production of popular rice varieties like Sona Masuri and Ponni. As a result, prices of premium rice varieties have surged significantly, impacting consumers across the country.
Why are rice prices rising despite India’s large foodgrain stocks? How is El Niño affecting production? What role do ethanol policy and grain demand play in the price surge?
Watch this explainer to understand the factors driving higher rice prices and what consumers can expect in the coming months.
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