Latest News Updates by The Indian Times

Business

FLOODS IN NORTHERN INDIAN RESULTS IN HIKE OF RICE PRICE

Rice prices declined due to new paddy In Andhra Pradesh and Karnataka this year; paddy yield has been positive. So, there are paddy rations for 300 trucks in Tamil Nadu. Similarly, rice harvesting in Coimbatore, Kangayam, Erode, Thiruvannamalai, Arani, Karunagalli, Chengalpattu, Elevampedu and Ponnari in Tamil Nadu.

Similarly, rice harvesting in Coimbatore, Kangayam, Erode, Thiruvannamalai, Arani, Karunagalli, Chengalpattu, Elevampedu and Ponneri in Tamil Nadu.

As a result, new rice has increased in the market. Due to this, the price of rice has decreased slightly. Last month, the 25 kg weighted ‘rice’ rice bundle was sold for Rs.850.

At present, it has fallen to Rs. 800. Similarly, IRR from Rs.900 to Rs.850, Rs.70 to Rs.950 from Rs.900, Rs. 1,000 from Rs.1,000 and Rs .950 for Deluxe Ponnni Rs. The price of Bababda ponnie from Rs.1200 to Rs.1150, while the 2nd price has fallen from Rs.1100 to Rs.1050.

While rice prices declined, pulses, palm oil and sunflower oil prices are rising. Tamil Nadu has pulses from Maharashtra, Andhra Pradesh, Karnataka, Madhya Pradesh, Uttar Pradesh and Gujarat.

Currently, the North is the largest ever rainfall in the country due to fall in pulses. The price of pulses is rising too much.

India is imported from Indonesia and Malaysia to Pama. Similarly, Sunflower Oil is imported from South America, Russia and Ukraine. But now the central government has increased the import tax from 7.5 per cent to 15 per cent. As a result, palm oil and sunflower oil prices have increased.

Last year, a liter of palm oil sold for Rs.55 was now Rs 60, while the Sunflower Oil price rose from Rs 78 to Rs 78, while the 2nd price rose from Rs 68 to Rs 72.

At the same time, all the groceries merchants Association of Tamilnadu SB Sarupan said that locally manufactured Akkam Bajpai, Coconut oil and Sea oil were sold at last month’s price.

Most Popular

To Top