Rice production: India is bracing for a dip in rice production for the first time in eight years, according to the recent government statement released on Thursday. The expected decline is being attributed to below-average rainfall during the 2023/24 season. However, wheat production is expected to see a modest increase of 1.3% compared to the … Read more
JAKARTA: Indonesia‘s February inflation rate beat forecasts on surging food prices, government data showed on Friday, but stayed within the central bank’s targeted range, reinforcing market views that any rate cuts will come only in the second half of 2024. The monthly inflation rate accelerated to 2.75%, compared with 2.57% in January, according to the … Read more
Bharat rice: The government has introduced ‘Bharat rice‘ at Rs 29/kg, a subsidised price, to help with the 15% increase in retail rice prices over the past year. It will come in 5 kg and 10 kg packs. The introduction of ‘Bharat’ Rice for retail sale aims to boost market supplies at reasonable prices, aiding … Read more
Bharat rice at Rs 25 per kg: To counter the soaring double-digit inflation in rice, a government official has said that there are plans to introduce Bharat-branded rice at Rs 25 per kilogram. According to an ET report, this rice will be available for sale through outlets managed by the National Agricultural Cooperative Marketing Federation … Read more