Stories
Rice Price Soars by Rs. 30: Third Hike in 50 Days Sparks Public Concern
- •Rice prices have increased by up to Rs. 30 per kg, marking the third hike in the last 50 days.
- •Karnataka Ponni rice, previously Rs. 55/kg, now sells for Rs. 85/kg; idli rice rose from Rs. 35 to Rs. 50.
- •Naatu Ponni increased from Rs. 60 to Rs. 90-100, and IR20 rice from Rs. 40 to Rs. 60.
- •Reduced rainfall in Karnataka and Andhra Pradesh led to lower paddy yield, causing rice shortages.
- •Traders urge central and state governments to investigate potential rice hoarding amid price hikes.
Key Questions Answered
Insufficient rainfall and reduced paddy yields in states like Karnataka and Andhra Pradesh have led to a severe shortage of rice, driving up prices significantly in Tamil Nadu. Additionally, traders note that the drop in production has severely impacted supply, reducing rice shipments from arriving frequently.
Karnataka Ponni has risen by Rs. 30, going from Rs. 55 to Rs. 80 or Rs. 85 per kg over recent weeks. Meanwhile, idli rice has increased to Rs. 50, Naatu Ponni has climbed to between Rs. 90 and Rs. 100, and common IR20 rice has gone up to Rs. 60 per kg.
Traders and consumers have expressed deep concern over the inability to secure quality rice and the heavy financial burden on the public. They have urged both the central and state governments to immediately investigate potential rice hoarding and take strict action against offenders.
