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Readers of the blog of the best rice mill consultant in India, Nextech Solutions would know that we are turning this blog into a one-stop for all national and International news pertaining to the grain & seed industry. Take for example, the emergence of India as the leader or in the global rice bran oil conference wild rice harvest permit brief torn into shreds at Chippewa. Today, we are covering another story. Alleged hoarding by Andhra lobby is responsible for rising rice prices.
Ladies and gentlemen, allegations suggest that a lobby of Andhra rice mill owners is creating an artificial scarcity by hoarding rice stocks, in order to create deliberate price rise and generate demand in the Keralan market. Before getting into details, let us inform you right at the start of the realities of the Andhra rice market. A majority of small-scale rice mills have shut down, resulting in the bigger players monopolizing the market, and controlling the market.
Prices have already gone up by Rs. 5/ KG in the wholesale market due to the stop in supply by Andhra rice mills. It is now starting to reflect in retail.
The drama started unfolding the last week. Kerala used to take twelve rakes, i.e. thirty thousand tonnes of rice from Andhra Pradesh until recently. But it dropped to only four rakes, i.e. ten thousand tonnes the last month. Angry rice millers refused to supply a single rake of the rice to the state.
In their week defense, the association office mill owners tried to justify the low supply by claiming that it is a result of low production.
Your Rice Mill Plant manufacturer India will keep you updated on all the happenings in the grain & seed industry.