Govt to sell Bharat Rice at Rs 29/kg in retail mkt from nxt wk; asks traders to declare rice stock

New Delhi, February 02, 2024.

The Centre on Friday said it will sell ‘Bharat Rice’ in the retail market at Rs 29 per kg from next week to give relief to the common man and has also directed traders to disclose rice/paddy stock, as part of its efforts to control prices that have risen by around 15 per cent in the last one year.

In a press conference, Union Food Secretary Sanjeev Chopra exuded confidence that these two measures along with the various restrictions of exports will help in cooling down the prices.

Seeking to dispel market rumours, he categorically said the government has no plans to lift restrictions on rice exports any time soon. The restrictions will continue until prices fall to a reasonable level.