Rice production in the recently concluded kharif season is expected to be around 120 million tonnes (mt), which is a 5.9 per cent increase from the same season last year, on the back of a surplus monsoon and improved acreage, according to data from the first advanced estimate for 2024-25 (July-June) released on Tuesday.
A strong rice output should help boost exports and may prevent the government from reinstating any of the trade curbs it lifted recently.
India's retail inflation surged to a nine-month high of 5.49 per cent in September, up from 3.65 per cent in August, largely due to rising food prices, particularly fruits, vegetables, cereals, and pulses, data from the National Statistical Office (NSO) showed.
Food inflation, based on the Combined Price Index, increased to 9.24 per cent in September from 5.66 per cent in August and 6.62 per cent in the same period last year.
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