The Ministry of Consumer Affairs, Food and Public Distribution (MoCAFP&D) on December 18, 2023, issued a press release directing the Rice Industry Associations to ensure the reduced retail prices of Rice
The following has been stated namely: -
• It states that the rice industry shall ensure that the prices in the domestic market need to be brought down to optimal levels and efforts at profiteering dealt with strictly.
• It states that the leading Rice Industry Associations are advised to take up the issue with their members and ensure that the retail price of Rice is reduced with immediate effect.
• it was suggested that where there exists a wide gap between the MRP and actual retail Price has to be brought down to a realistic level in order to safeguard the interest of the consumers.
• It states that in the Rice processing industry, sufficient stock of good quality Rice is available which is being offered under OMSS at a reserve price of Rs. 29/Kg.
• It was also stated that manufacturers/traders should consider lifting FCI rice under OMSS which may be sold to the consumers with a reasonable margin.
[Press Release ID: 1987776]
