Potatoes and rice are becoming expensive due to rainImage Credit source: Unsplash
Intermittent light rains in the plains during the winter season are causing great havoc to rice and potatoes. Due to this, there is hindrance in the cultivation of rice and potatoes and both of them are an integral part of the Indian kitchen, due to which their prices are continuously increasing. Their prices have increased significantly in the last few months.
Due to disruption caused by rain, prices of potatoes and rice have seen an increase of up to 12%. The government has banned the export of non-Basmati rice from the country since July 20 to control rice prices, but due to rain, rice prices have increased by 15%, especially in South India.
Intermittent rains in Karnataka have reduced the production of rice in the Kharif crop. Due to this, the demand for rice has increased further in South India. Whereas due to the rains in October and November, the potato crop has not been able to reach the market. Due to this, the prices of old potato stock are increasing. Generally new potatoes hit the market around Diwali.
See also: Gold price crossed 62 thousand for the first time, made a new record in two weeks
rice going from north to south
Due to rain, the supply of rice in South India has decreased, due to which they have started buying rice from North India. South Indian states are purchasing rice from Uttar Pradesh, Bihar and West Bengal. Because of this, prices of rice are increasing across the country.
Basmati rice also became expensive
Fragrant Basmati rice is also becoming expensive. According to the news of ET, due to increase in demand for it in Western Asian i.e. Gulf countries, its export from the country has increased, due to which an increase of 10 percent has been seen in the price of Basmati rice.
The main reason for the rains in India during the winter season is the formation of El Nino conditions in the Pacific Ocean. Because of this, an increasing trend in prices is expected to be seen for the next three to four months. Its impact is now likely to reduce only after the arrival of the new crop in April 2024.
: Language Inputs