The offtake of rice in September and October 2023 was 2.838 mt and 3.098 mt,respectively, while in September and October 2022, the monthly offtake was 5.848 mt and 5.386 mt , respectively. The offtake of rice in November 2023 was 3.126 mt against 7.083 mt in year-ago month.
Prices of parboiled rice from leading exporters, including Vietnam and India, rose due to limited supplies. Vietnamese 5% broken rice reached its highest level since July 2008, at $660 to $665 per metric ton. India s 5% broken parboiled variety saw prices at $505 to $512 per metric ton, the highest in two months.
Rice Prices: The associations have been suggested that where there exists a wide gap between the MRP and actual retail price, the same needs to be brought down to a realistic level in order to safeguard the interest of the consumers. The order comes amid reports of a sharp increase in the margins being availed by wholesalers and retailers.
The associations have been suggested that where there exists a wide gap between the MRP and actual retail price, the same needs to be brought down to a realistic level in order to safeguard the interest of the consumers. The order comes amid reports of a sharp increase in the margins being availed by wholesalers and retailers.