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The government imposed new restrictions on rice storage. According to a notification from the Ministry of Food, the owners of rice mills will be able to store less rice for a shorter period than before.
The government took this initiative in a context where the market price of coarse rice rose to Rs 50 per kg. On the other hand, the new season rice from aman began to reach the market, but had no effect on the price of rice. However, the mill owners say they will have no problem with the government restrictions. Because the price of rice is so high that nobody buys in excess.
However, the Ministry of Food may take a few more measures regarding stocks. Food Minister Sadhan Chandra Majumder also organized a virtual press conference on Sunday to report on these issues.
On December 21, restrictions were placed on rice stocks. A new order modifying an earlier order states that large, automatic and husking rice mills will be able to store three times the biweekly harvesting capacity of rice for eight hours a day for up to 30 days. Before, they could store 5 times the capacity of biweekly pruning rice for 30 days.