Why is the price of rice rising across the country? | Explained
Rice prices in India have surged due to a decline in cultivation area caused by poor monsoon forecasts and El Niño impacts. The government is urging farmers to shift to less water-intensive crops to manage the supply crisis.
Why it matters
Rising food prices directly impact inflation and food security for millions of people in India.
The story so far: The price of rice, the staple of most Indian meals, especially in South India, has gone up suddenly. A 26-kilogram bag of fine rice that used to retail at ₹1,800 per bag, or about ₹70 per kilogram, is now retailing for ₹2,150 per bag, or about ₹82 per kg.
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