Rice Price may go up

Rice-pricePrices of rice may go up even as the prices of essential commodities have already shot up and experts were of the opinion that downward trend in rice socks in godowns for the last three years and fall in
rice output due to deficit rainfall was the reason behind hike in rice prices. Assocham estimated that consumers will be hit if timely
precautionary measures were not taken. Rice output is likely to be 103 MT in 2015 while the output in 2014 reached 14 MT. Kharif output will
be 90.61 percent MT, according to government’s estimation but it will not exceed 89 MMT due to deficit rains in Punjab, Haryana, UP, Bihar,
Maharashtra and Karnataka.

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