Prices of rice reach a new high as traders become a law unto themselves

Prices of rice reach a new high as traders become a law unto themselves

Prices of rice reach a new high as traders become a law unto themselves

Written by Staff Writer

27 Feb, 2014 | 11:15 pm

The price of rice has increased beyond the ‘government control prices’ stipulated by the government.

According to official government data, a kilogramme of Samba which should be sold at a price of Rs.70 is currently Rs.78 rupees.

According to the special gazette notification of March 18, 2009, in accordance with the Consumer Affairs Authority Act, the maximum retail price of a kilogramme of rice is set by the government.

Therefore,  except for rice varieties as  Keeri and Suduru Samba, the maximum retail price of one kilogramme of  Samba rice, devoid of  stones and sand,  is Rs.70.

The maximum retail price of a kilogramme of Nadu or Red rice is 60 rupees. However,  according to the latest data from the Department of Census and Statistics, the price of a kilogramme  of Samba in the market has increased to Rs.78.

Meanwhile,  the data shows a kilogram of Nadu rice has increased to Rs.67  while a kilogramme of Red rice retails between Rs.66 and Rs.68.

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