Unprecedented steep fall in rice price
Posted on: 08/Sep/2018 1:05:42 PM
This year, there has been an excessive rainfall during the southwest monsoon season, especially in the southern states of Karnataka and Kerala. Kerala was flooded and inundated. Because of the excess rain and water supply, the yield of this year`s rice crop has increased considerably.
Further, due to the excessive rains, the dams in Karnataka needed to be opened thereby providing more than sufficient water required by Tamil Nadu for agriculture leading to higher yield in the rice crops. At the same time, the yield from the rice crops increased in the states of Karnataka and Andhra as well.
This welcome development has led to an unprecedented fall in the rice price in Tamil Nadu. The price of the 25 kg rice bag sold in Tamil Nadu has come down by Rs. 50 to Rs. 100. A.T.T. 47 Ponni raw rice, which was being sold at Rs. 700 for 25 kg in Tamil Nadu, is now being sold at Rs. 630 per kg. Go. 51 Ponni raw rice, which was sold at Rs. 750 per 25 kg is now sold at Rs. Rs. 570 per 25 kg. Deluxe Ponni raw rice which was sold at Rs. 900 per 25 kg s now sold at Rs. 800 per 25 kg.
The Andhra steam rice (#1 quality which was sold at Rs. 1150 for 25 kg is now sold at Rs. 1000 per 25 kg. The Andhra steam rice (#2 quality) rice is being sold at Rs. 900 for a 25 kg bag from the earlier Rs 1000 per 25 kg. Karnataka steam rice (#1 Quality) which was sold at Rs. 1250 for 25 kg, is now sold at Rs. 1150. Karnataka Steam Rice (#2 quality) which was sold at Rs. 1100, is now sold at Rs. 1000 and the idli rice which was sold at Rs. 700, is now being sold at Rs. 600.
The President of the Tamil Nadu All–grocery Traders’ Association informed that this falling trend will continue and the rice prices will go down further.
